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?What we?re nding at the moment is there are very few big value re- pairs out there; it?s a lot of small stuff. Owners simply are not spending more than they have to. Four or ve years ago, we might have seen owners maybe spending $1.5m, whereas today they are spending maybe $500,000 to do the bare minimum.? www.marinelink.com 39MR #4 (34-41).indd 39MR #4 (34-41).indd 394/4/2013 2:29:15 PM4/4/2013 2:29:15 PM