Move towards conversion and shipbuilding

Article Abstract:

Hyundai Mipo Dockyard (HMD) has reduced its repair capacity at Ulsan, South Korea and geared it toward more newbuilding and conversion work as part of the firm's strategic move. HMD has also opened its Hyundai-Vinashin yard in Vietnam that would specialize in repair work. The opening of a HMD facility in Vietnam will enable the firm to compete head-on with other shiprepair yards in Asia because of lower labor costs in Vietnam. At the same time, HMD is counting on its skilled workforce in Ulsan to help the firm survive tough times due to its prompt delivery schedules at reasonable costs.

Hyundai Mipo Dockyard Company Ltd., Ulsan, South Korea

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Croatian shipbuilding undergoes restructuring

Article Abstract:

The Croatian government is spearheading efforts to restructure the country's shipbuilding sector. The main goals of the restructuring program are to make each shipyard profit-generating units, enhance the image of shipyards in the world market and raise their capital value. The restructured shipyards will have to be independent businesses. The program is planned to be realized gradually within the next two years following 1996.

Croatia, Privatization, Privatization (Business)

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Mixed fortunes

Article Abstract:

West German shipyards are focusing on rebuilding while East German shipyards concentrates on market leadership. Restructuring and merging are sought for in order to revive a once profitable shipbuilding business. Meanwhile, investments pour into East Germany as the government's privatisation program are substantially implemented. Meyer Werft and JJ Sietas are among the many shipyards that are strongly competing in the market.

East Germany, West Germany, Shipyards

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