Facing Death, a Former European Shipbuilding Hub Turns to China

By James Gomez and Jasmina Kuzmanovic (Bloomberg) -- Its portholes without glass and covered in rust and seagull guano, the Santiago I tanker sits moored in the Adriatic Sea abandoned by striking shipyard workers who haven’t been paid for eight months. At the next dock, a Belgian dredger is partly enshrouded in scaffolding, though with no one around to finally make it … [Read more...]

Philippines Won’t Bar Chinese Proposals for Hanjin Heavy Shipyard Takeover

By Neil Jerome Morales and Karen Lema MANILA, April 25 (Reuters) - All offers from potential buyers of a strategically located but debt-laden Philippine shipyard will be welcome, the trade minister said on Thursday, ruling out barring Chinese firms over national security fears. Trade Secretary Ramon Lopez said the government would not, and could not, block interested buyers … [Read more...]

Hyundai Heavy Seeks Stake in Rival DSME -Official

SEOUL, Jan 30 (Reuters) - South Korea's Hyundai Heavy Industries Group, the world's biggest shipbuilder, is interested in buying a stake in second-ranked rival Daewoo Shipbuilding & Marine Engineering, a Hyundai official told Reuters on Wednesday. The comments follow the group's holding firm saying on Monday it planned to sell part of its stake in refiner Hyundai Oilbank … [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...]

Babcock to Close Appledore Shipyard in England as Orders Dry Up

EDINBURGH, Nov 1 (Reuters) - British engineering and defence firm Babcock International said on Thursday it was closing its Appledore shipyard in Devon, a "difficult" decision after orders ran out. Babcock said it hoped to offer all 199 employees at Appledore positions at other Babcock facilities, such as nearby Devonport, which is a British Navy dockyard. The southwest … [Read more...]