Derecktor Selected to Operate New Megayacht Shipyard in Fort Pierce, Florida

Derecktor Shipyards has been chosen develop and operate the first purpose-built megayacht repair and refit yard in the United States located in Fort Pierce, Florida. The yet-to-be-built yard will be developed to service yachts of over 200 ft. and 900 plus tons. It will also include a 1400 ton mobile hoist (along with a 3500 ton or larger drydock) for the hauling and service … [Read more...]

South Korean Shipbuilders’ Lock on LNG Tanker Market Could Last for Years

By Jane Chung and Yuka Obayashi SEOUL/TOKYO, Nov 20 (Reuters) - South Korean shipyards have boxed out their Japanese rivals from the market for building large ships carrying liquefied natural gas (LNG), winning all of the orders for the next three years worth more than $9 billion. Three South Korean yards - Daewoo Shipbuilding & Marine Engineering (DSME), Hyundai … [Read more...]

Japan Takes South Korea to WTO Over Financial Support for Shipbuilders

By Tom Miles GENEVA, Nov 13 (Reuters) - Japan has launched a complaint at the World Trade Organization to contest what it says is illegal financial support given by South Korea to commercial shipbuilders, according to a WTO filing published on Tuesday. "The measures in question relate to the development, production, marketing, and/or sale or purchase of commercial vessels, … [Read more...]

North Korean Worker Accuses Dutch Shipbuilder of ‘Slave-Like Conditions’

By Kieran Guilbert and Magdalena Mis LONDON, Nov 8 (Thomson Reuters Foundation) - A North Korean labourer has filed a landmark criminal complaint against a Dutch shipbuilding company that allegedly profited from the abuse of workers in its supply chain in Poland and was aware of the "slave-like conditions", lawyers said on Thursday. A law firm representing the worker - … [Read more...]