European Shipbuilders want Decision on Korea Now

Friday, April 26, 2002
In a long running battle to level the theoretical playing field, European shipbuilders want the European Commission to stop delaying its response to what they see as unfair competition from shipyards in South Korea, according to a Reuters report. European shipbuilders, which have steadily seen the balance of its shipbuilding activities flow to the massive shipbuilding machines in Japan, South Korea and now China, have apparently reached their limit on seemingly endless negotiations. The allegations that shipyards in South Korea undercut the competiion with illegal subsidies is not a new revelation, but nonetheless one that the South Korean yards to this day steadfastly deny. The Committee of EU Shipbuilders Associations said the Commission, the EU's executive, had again failed to take a decision on how to counter alleged South Korean aid to help its constructors undercut the competition. State subsidies for shipyards were phased out in the EU last year, but complaints from shipbuilders that Korea was funding its constructors to undercut competition and dominate the world market have led EU lawmakers to rethink the decision. The Commission has reiterated it will not take the case to the WTO while there is no accord on defensive subsidies for European makers of container ships and chemicals and oil product carriers, the sectors it believes are hardest hit by Korean competition.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Offshore Casualty: Harkand Group Collapses

As the prolonged slump in energy prices continues to drag on a number of oil and gas and maritime players, word has it that Harkand Group has succumbed, according to staff reports and a report on www.

Louis Dreyfus, Amaggi Hire HSBC to Sell Terminal Stake

Agricultural commodity traders Louis Dreyfus Co B.V. and Amaggi Group have hired HSBC Holdings Plc to sell part or the entire 25 percent stake they hold in a terminal at the Brazilian port of Itaqui,

Shell Presents Crewmember Safety Awards

Shell Shipping and Maritime, Americas recently held its third annual Goal Zero Hero Awards dinner in Houston, recognizing the crewmembers of 21 contracted/chartered vessels,

Shipbuilding

Bollinger Wins Contract for Phase II FRC Builds

Louisiana shipbuilder Bollinger Shipyards announced it has secured a contract to build Phase II of the Sentinel Class Fast Response Cutters (FRC) for the United States Coast Guard (USCG).

Massive Layoff Ahead for Hyundai Heavy

Another massive reduction in the Korean shipbuilding workforce may come as most shipyards are still struggling with falling orders and mounting losses, reports Yonhap quoting industry sources.

Daewoo Shipyard Posts Q1 Operating Loss

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co. posted a first-quarter loss after incurring more costs to finish some offshore projects.   First-quarter

 
 
Maritime Security Maritime Standards Naval Architecture Offshore Oil Port Authority Salvage Ship Electronics Shipbuilding / Vessel Construction Sonar 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: 0.0885 sec (11 req/sec)