Finland's mixed fortunes

Article Abstract:

The outlook of the Finnish marine and shipbuilding industry remains mixed for different firms in 1997. Financial indicators such as a strong currency, government subsidies, and a generally favorable overseas market have helped equipment suppliers achieve gains in business. Major shipbuilders such as Kvaerner Masa-Yards reported significant profits in 1996. Finnyards is on the verge of collapse following losses of about $43 million generated in 1996.

Ship and Boat Building and Repairing, Ship & Boat Building, Ship and Boat Building, Finland, Transportation equipment industry, Kvaerner-Masa Yards Inc., Finnyards Osakeyhtiot

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AESA booms as privatisation looms

Article Abstract:

Spanish shipyard Astilleros Espanoles has posted large gains and record orders for fiscal year 1996 as the firm readies for privatization by 1999. The firm delivered a total of 253,000 cgt or 13 ships worth some $830 million in sales. It also managed to reduce losses from $382 million to $255 million. Fiscal year 1997 promises to be an even better year with sales estimates of some $957 million and losses reduced to about $127 million.

Ship Building and Repairing, Shipbuilding & Repair, Spain, Astilleros Espanoles S.A.

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