Shipbuilders Make Financial Contributions to International Maritime Developments

Wednesday, November 23, 2005
The Ministry of Maritime Affairs and Fisheries (MOMAF) said that the Korea Shipbuilders's Association (KOSHIPA), comprising nine major Korean shipbuilders, would subscribe a fund for technical cooperation projects amounting to $100,000, in order to enable developing countries to advance their shipbuilding industries in the International Maritime Organization (IMO) arena. KOSHIPA plans to contribute $50,000 to the fund by the end of this year, and add more $ 50,000 as of early next year. The contributions will be deposited in the IMO/Korea Trust Fund, which was established in June 2003 in accordance with the memorandum of understanding and was designed to assist developing countries to implement the provisions of the international conventions. As Korea’s shipbuilding industries, which reached $15.3 billion in vessel export volume in 2004, make financial contributions to the IMO, one of the UN agencies, it is expected that the positive image for the Korean shipbuilding industries will be transferred naturally to 166 member states of the IMO. Source: Korea Shipper’s Journal
Maritime Reporter September 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

MARAD’s Jaenichen Issues Statement on El Faro

U.S. Maritime Administrator Paul Jaenichen has issued a statement following the U.S. Coast Guard’s announcement that it will suspend the search for survivors from the missing cargo ship El Faro.

HMS Announces Management Hires

Marine services company Harley Marine Services (HMS) has expanded its management team, naming Don Martin as Vice President and General Counsel and Steve Carlson as Vice President of Engineering,

FMC's William P. Doyle Issues Statement on EL FARO Tragedy

On Thursday evening, October 1, 2016, the ship EL FARO went missing. The ship was en route from Jacksonville, Florida to San Juan, Puerto Rico. On Monday, four days after the ship vanished,


Willard Unveils New RHIB in Australia

Willard Marine, Inc. unveiled its new SEA FORCE 777 this week at the Pacific International Maritime Exposition in Sydney, Australia.   The military-grade, fiberglass,

Eastern Launches Tug for Suderman & Young

Eastern Shipbuilding Group, Inc. announced it has launched escort tug Triton for Suderman & Young Towing Company on September 11, 2015.   The launch ceremony

Incat Crowther Designs Ferry for Malaysia

Incat Crowther has been commissioned to design a passenger transport ferry to be operated by Cataferry Sdn Bhd, in Malaysia.   The main deck features a full width cabin accommodating 151 passengers.

Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1257 sec (8 req/sec)