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 Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Madsen to Chair Norway’s Research Council Executive Board

Henrik O. Madsen appointed chairman of the executive board of the Research Council of Norway   DNV GL president and CEO Henrik O. Madsen was appointed as chairman

Port of Houston Expecting Record Year

The Port of Houston Authority is expecting 2014 to close as a banner year for the port, with 34 million tons of cargo handled through November, Executive Director

Hapag-Lloyd Completes CSAV Merger Capital Increase

Hapag-Lloyd completed the planned capital increase of EUR 370 million (approximately $452.5 million) as part of the business combination with the Chilean shipping

Shipbuilding

Damen Outfitting First of Nine Bahamas Patrol Boats

The first of nine Damen Stan Patrol 3007s ordered by the Royal Bahamas Defense Force has arrived at Damen Shipyards Gorinchem in the Netherlands for outfitting.

Liquefaction Terminals to Dominate LNG Capital Expenditure

Capital expenditure (Capex) on global LNG facilities is expected to total $259 billion (bn) over the period 2015-2019, with investments expected to be 88% larger

New Chinese Shipyard Launches First Ship

The new shipyard facility of Honghua Offshore Oil & Gas Equipment Company in Jiangsu, China, has launched its first ship, an IMT982 Platform Supply Vessel. The vessel,

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Offshore Oil Salvage Ship Electronics Ship Repair Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.3656 sec (3 req/sec)