EU Accuses South Korean Shipbuilders
Advertise Here
Trending Topics:
Sunday, June 14, 2015

Ship Equipment
Ship Maintenance
Ship Systems
Worldwide Metric
Freeman Marine
Neptune Group

Home Page
About MarineTalk
Buyer's Guide
World InfoDesk
Discussion Forums
Advisory Board
Advertising Information
Submit Company Listing
Edit Company Listing
Site Map
MarineTalk Site Search:
Featured Companies

Link Internet Business Solutions
Database application systems are becoming more common than ever as websites converge with new and traditional software business models.

Chamber of Shipping of Israel
The Israeli Chamber of Shipping represent most of the Israeli Shipping agencies and Israeli Shipping companies operating in the Israeli ports.

MTS (Marine Technology Society)
From its inception in the early 1960's, the Marine Technology Society has embraced a charter of inclusiveness. We support all the components of the ocean community: marine sciences, engineering, academia, industry and government.
    USA Virginia

Electricfor S.A.
One of Electricfor's speciality is to build any type of electric heater elements from a provided design or based on discussions with one of our technical representatives.

EU Accuses South Korean Shipbuilders


EU Accuses South Korean Shipbuilders

The European Union has accused South Korean shipyards of threatening the future of Europe's shipbuilding industry through unfair subsidies. The report comes a week before the European Commission is expected to decide whether to take South Korea to the World Trade Organisation (WTO) over the alleged "unfair trading practices". The EU has also considered reintroducing subsidies for European shipyards, which were abolished in December.

South Korea is the world's largest shipbuilder, taking about 38% of global orders last year. A visit by EU inspectors to South Korean shipyards in March to investigate allegations of unfair subsidies found "serious difficulties continue to affect the EU shipbuilding sector as a result of unfair trading practices by South Korean competitors". "There is mounting evidence that state-owned and state-controlled banks in South Korea have been instrumental in financing unviable shipyard operations," the Commission said. South Korean yards incurred losses averaging 14% on orders, it said.

South Korean trade officials have rejected the EU allegations and their government threatened to file a counterclaim against the EU with the WTO. The South Korean shipbuilders say their success is due to exchange rate factors, increased productivity, quality and on-time delivery.

The Commission's report found that there had been an increase of 56% in global orders for new ships in 2000 compared to a year earlier. Last year Korea received about 38% of global orders, compared to 25% for Japan and 16% for Europe. South Korea dominates the industry in the construction of cargo and bulk carriers while Europe's industry is focused on the construction of cruise ships.

BBC News, 3 May 2001  

Latest Marine News and Technology Articles | Maritime 2015 Buyer's Guide


E-mail:  Contact Us

Copyright 1998 - 2015 MarineTalk
Division of Link Internet Business Solutions
All rights reserved.

The reproduction, retrieval, copying or transmission of this Web site content,
in whole or in part, is not permitted without the express permission of
MarineTalk .