Investment hopes
Article Abstract:
Developing European shipbuilders are predicted to have a hard time getting newbuilding orders in the 21st century due to the enhanced positions of shipbuilders in Asia. This is particularly true for the shipbuilding industries of Bulgaria, Croatia, Romania and Turkey. While these shipyards have contracts that extend up to 2001, lean times are forecasted unless these countries take major steps to enhance their competitiveness. The relative advantage held by Japanese and South Korean shipbuilders in the late 1990s was due to the depreciation of their currencies.
Publication Name: Motor Ship
Subject: Transportation industry
ISSN: 0027-2000
Year: 1999
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Yards holding firm
Article Abstract:
Poland's shipyards are holding their own against tough global competition by upgrading their equipment and diversifying their services. For instance, the Szczecin Shipyard specializes in building chemical tankers, but it also services bulk carriers and medium-sized container ships. Among the changes the shipyard has undertaken are investing in computers and software and acquiring an electronically-generated documentation system. Other shipyards have also made strategic changes. Gdynia and Cenal Shipyard have diversified their services to include newbuilding.
Publication Name: Motor Ship
Subject: Transportation industry
ISSN: 0027-2000
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
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