Flagged fleet declines

Article Abstract:

The Korean Shipbuilders Association has welcomed government efforts to reform the national registry system since this will enable them to become more competitive in the international market by increasing the fleet size. The country's fleet has been steadily declining since 1995 with dwt tonnage declining from 19 million to the current 17.4 million. The current registry system make Korean shipowners opt for foreign registers and system. The new Korean ship registry system is planned to be implemented in the first half of 1998.

Regulation and Administration of Transportation Programs, Water Transport Regulatn NEC, South Korea, Transportation law, Marine transportation, Tax policy, Ships, Recording and registration, Ship registers

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Shortsea sets pace

Article Abstract:

Most of the orders that European shortsea operators have made in 1998 have been for roll-on roll-off ships (roros) that have at least 2,000 lane meters. This preference for larger roros has been traced to the growing need of European operators to charge premium rates to offset rising capital and operating costs. Many of new roro vessels on the order books also have innovative designs that help operators maximize their use as cargo vessels and make them more competitive with other ship types.

Contracts, Roll-on roll-off ships

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Keeping up traditions

Article Abstract:

Norway has managed to maintain its important position in the maritime industry in 1999 despite the recent downturns in the global economic climate. With a global merchant fleet of about 1,600 vessels, the country is well represented in all aspects of international shipping. The worldwide decline in the newbuilding market, which has been felt by Norwegian shipyards, has led to a display of competitiveness by local firms who have managed to land a number of contracts during the period.

Norway

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