Article Abstract:
The rapid economic development in the Asian region is expected to make a significant impact on the region's shipping industry. There are indications that the region is set to become the world's major maritime center. However, the shipbuilding and repair facilities in Asia are reportedly experiencing some difficulties. Many companies claim that the increasing competition from Middle Eastern repair yards and the reduction in freight rates have contributed to the slump. Most shipowners have also reduced their spending by adopting quick-fix procedures rather than comprehensive maintenance programs.
User Contributions:
Comment about this article or add new information about this topic:
Article Abstract:
The shipbuilding industry in Indonesia has been enjoying significant growth in the last few years, as export orders continue to increase. For instance, Kodja Bahari delivered the ferry Gotland to its Swedish owners Rederi AB and expects to be occupied for the next four years. Also, PT Pal is building a dry cargo/container ship for Stephenson Clarke, based in the UK. Many Indonesian shipbuilders focus their efforts on improving productivity and are working on achieving ISO 9001 and 9002 certification within the next five years.
User Contributions:
Comment about this article or add new information about this topic:
Article Abstract:
Norway's shipbuilding industry continues to post significant gains despite the lack of subsidies and guarantee terms from the Norwegian government. In 1994, the industry was able to build 34 ships worth $650 million. By the end of 1994, the industry's order reserves has reached 49 ships. The Norwegian Shipbuilder Sales Marketing Organization is optimistic that this trend will continue throughout 1995.
User Contributions:
Comment about this article or add new information about this topic: