Shipbuilding Execs Receive Suspended Sentences

Thursday, March 06, 2003
Kyodo News Service reported that two former executives of Sasebo Heavy Industries Co. received suspended prison sentences for their role in defrauding the government millions in grants by falsely claiming the shipbuilding firm had retrained employees. Arifumi Himeno quit as president of the company upon his arrest last summer. He was sentenced to a three-year prison term. Yukio Mizuhiro who was deputy director of the company's shipbuilding yard in Sasebo, Nagasaki Prefecture, was given a two-year term. Both terms suspended for three years.
Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

BP Shipping Turns 100

BP Shipping celebrated its 100-year anniversary yesterday, making it the longest continually operating company in the group.   Formed on April 30, 1915 as the British Tanker Company,

Canada to Scale Back Plan for Navy Ships, Go Over Budget

Canadian officials said on Friday a C$26.2 billion ($21.5 billion) program to build 15 naval ships could end up below target and over budget, the latest challenge

US Navy is Buying the Wrong Ship, Costing Taxpayers Billions

The United States will spend $585 billion on its armed forces in 2015 — the biggest military budget in the world by far. That’s just the Defense Department budget

Dredging

62.9% of Dredging at New Suez Canal Finalized

Up to 157.260 million cubic meters of water-saturated sand have been dredged so far as part of the Suez Canal Development Project, said executive director supervising the dredging process Wagdi Zaki,

Ports Association Praises Harbor Funding Legislation

AAPA strongly supported two amendments to carry out intent of 2014 water resources legislation    The American Association of Port Authorities (AAPA) lauded H.

Vessel Draft Restrictions Lifted at Oregon Inlet, NC

The U.S. Coast Guard (USCG) informed it has lifted restrictions and enforcement of the regulated navigation area Thursday at Oregon Inlet between Bodie and Pea Islands.

 
 
Maritime Security Maritime Standards Naval Architecture Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair 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: 0.0979 sec (10 req/sec)