Persuading politicians

Article Abstract:

The unfavorable exchange rate between the German deutschmark and the US dollar has led to high labor costs among German and shipbuilding yards. This situation, which is compounded by the modernization of shipyards in the former East Germany, has forced yard owners to implement cost reduction measures such as workforce reduction and automation. However, Germany's economics minister is optimistic that the projected increase in the demand for worldwide transportation will allow the country's shipbuilding industry to recover its competitiveness.

Germany

---

Improvements depend on privatisation

Article Abstract:

The plan to privatize the government-owned dock company Portnet in South Africa has been stalled due to opposition from its unions. Union leaders have continuously blocked any privatization attempts because they feel that this would lead to high job losses. Globe Engineering Inc. and Dorbyl Marine have signified their interest in the privatization plan but their offers were rejected. Despite these developments, Portnet continues to operate some of the world's busiest docks, with ships occupying them for the next three months.

Marine cargo handling, Dock Facilities, Management, South Africa, Docks, Portnet.com Private Ltd.

---

Walking on eggshells

Article Abstract:

Shipbuilders in Japan have been enjoying robust market performance amidst the alarming economic situation in the country. Although the value of yen has remained low in international markets, Japanese shipbuilders have been acquiring more orders compared to their foreign counterparts. Industry analysts attribute the growth to the strength of prices in the market, which have enabled Japanese shipbuilders to compete aggressively with Korean companies.

Japan, Stock-exchange, Stock exchanges

Similar abstracts:

• Abstracts: New rapid transit system emphasizes major improvements in York Region
• Abstracts: Shore monitoring improves marine safety. Fire prevention at SMM
• Abstracts: Taking Colregs head-on. Collision regulations
• Abstracts: A case exists for class improvement. Prime potential for partners. No going overboard with waste treatment
• Abstracts: P&O's 'Grand Princess' makes its debut. Azipod alters cruise direction

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.