Weak won woos owners

Article Abstract:

Profits and competitiveness of Korean shipyards increased dramatically when the value of won recovered from a significant fall. Shipyard owners said that the large volume of projects they have been receiving were those that were on hold during the currency crisis. A misconception that the 30% decline in the value of won would mean 30% fall in ship prices was corrected by shipbuilders, explaining that half of the costs of a Korean-built ship is dollar denominated.

South Korea, Korea

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Private yards ponder survival

Article Abstract:

The Spanish shipbuilding industry has been hit hard by increased competition and reductions in shipbuilding subsidies. However, many private shipyards have remained afloat despite the economic hardships. To survive, many shipyards have been forced to take on ship orders which they are not accustomed to. The majority of such orders are for large liquefied natural gas and petroleum tankers and roll-on, roll-off vessels.

Industry Overview, Spain

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Taiwan weathers the storm

Article Abstract:

Issues concerning the economic difficulties faced by the Taiwanese shipyards are discussed. Particular attention is given to the financial discrepancy between low automation and high costs of labor. Examples of company management are given.

Taiwan

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