Gdynia Shipyard May Go Bankrupt

Tuesday, May 13, 2008

Reports indicate that the economic situation of the Gdynia Shipyard on the has worsened recently. Trade unionists organized a rally in front of the prime minister's office in . If there's no financial support from the state budget, the shipyard may go bankrupt soon.
Some contracts were signed several years ago according to unfavorable financial conditions. The shipyard had to pay extra charges in connection with the production of each vessel ordered by contractors. Economic losses amounted to an equivalent of some $25m in 2005 and they doubled a year later.
The Gdynia Shipyard is obliged to build seven vessels in coming years for its most important Israeli client, Rami Ungar, And there`s no money on the shipyard`s bank account to perform the task.
Unofficial sources say that an equivalent of $250m is needed from the state budget to avoid the bankruptcy.

Source:  Polaskie

Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Keppel Delivers Jackup to UMW-OG

Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M) has delivered UMW Naga 8, a KFELS B Class jackup rig, to Malaysia’s UMW Oil & Gas Corporation Berhad (UMW-OG).

Rolls-Royce to Design, Equip Canadian Stern Trawler

The shipbuilding company VARD Group AS in Norway has received an order from a Canadian company for a shrimp stern trawler to be designed and equipped by Rolls-Royce,

Rapid Oil Spill Response Vessel Launched

Western Canada Marine Response Corporation (WCMRC) launched their newest oil spill response vessel in Burrard Inlet. The boat, named after former employee George Penman,

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Pipelines Port Authority Ship Electronics Ship Repair Ship Simulators Sonar
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: 0.3136 sec (3 req/sec)