An embarrassment of riches

Article Abstract:

U.S. shipyards along the Gulf of Mexico anticipate more shipbuilding and repair contracts, in view of offshore drilling in the region and the implementation of Title 11 shipbuilding loan guarantee program. However, there are concerns over competition from nearby foreign yards because of relatively lower labor costs and less stringent environmental requirements compared to the US. Shipyards in the region will also have to contend with joint ventures between US companies, which provide the technology, and their foreign partners, which provide the labor.

Gulf of Mexico

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Mixed fortunes for marine industry

Article Abstract:

The shipbuilding industry of Spain is experiencing booming business while shipowners face more dismal times ahead with the imminent removal of cabotage along inland routes. Demand for new vessels by the former Soviet Union has helped propel the country's shipyards ahead despite the decline of its fishing vessel construction. Most shipyards which formerly exclusively built only fishing vessels have diversified operations to accomodate orders for tankers, roros, and refrigerated vessels.

Spain, Boating industry, Marine equipment, Marine machinery

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