A dock too many?

Article Abstract:

South Korea's shipbuilding industry may not be able to reach predicted total production levels for 1996. Figures show that new orders totalled only 480,000 tonnes by mid-March, which is 31% percent less than the level reached in the same period in 1995. South Korean shipyards face stiff competition from Japanese shipbuilders who are known for their aggressive pricing strategies. Currency and labor issues are also prime contributors to South Korean shipbuilders' woes. The country's five biggest shipbuilders are Daewoo, Hyundai, Halla, Hanjin and Samsung.

South Korea

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Growing steadily

Article Abstract:

Nippon Yusen KK (NYK) achieved modest growth in 1996 largely due to increased sales of special carriers and tanker fleets. The Japanese shipbuilder is focusing its attention on improving fleet rates and boosting its competitiveness through cost-cutting and streamlining of its fleet and routes. NYK is confident of a steady growth as proven by the 70 ships on order. The company is determined to make its presence felt in international shipping with its fleet of some 400 ships.

Management, Shipping industry, Nippon Yusen Kabushiki Kaisha

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Mixed fortunes for medium yards

Article Abstract:

The Co-operative Assn of Japan Shipbuilders, an organization of medium-sized shipbuilders, reports mixed results in 1999. The sector, with over 60 members, is often cited for its profitability and flexibility. The group, which relies mostly on domestic orders, have been hit by the strong yen. Industry observers expect the larger of these medium-sized shipbuilders, which include Imabari, Sanoyas and Oshima, to do well unlike the smaller midsize shipyards.

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