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...]
Royal IHC Launches World’s Largest Cutter Suction Dredger ‘Spartacus’
Dutch engineering group Royal IHC has launched the world's largest cutter suction dredger being built for Belgian dredging firm DEME. The vessel, named Spartacus, also happens to be the first cutter suction dredge to be powered by LNG fuel. The 164-meter, self-propelled Spartacus has capacity of 44,180kW and is equipped with four main engines plus two auxiliary … [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...]
Hyundai Merchant Marine Pulls Trigger on 20 Large Containerships for $2.8 Billion
South Korea's biggest shipping line Hyundai Merchant Marine (HMM) said Friday it has placed orders for the construction of 20 large containerships worth $2.84 billion. The orders are spread out among South Korea's 'Big Three' shipbuilders: Hyundai Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering (DSME). The contracts … [Read more...]
India State-Owned Garden Reach Shipbuilders IPO Shows Weak Response
Sept 26 (Reuters) - State-owned Garden Reach Shipbuilders & Engineers Ltd's initial public offering (IPO) to raise up to 3.45 billion rupees ($47.45 million) received weak response from investors with only 67 percent of the shares on offer being subscribed on the closing day on Wednesday. Investors bid for around 19.7 million shares of the defence shipbuilder, compared … [Read more...]