More Oil Is Shipped In U.S. Waters Than Any Other Commodity; Petroleum And Petroleum Products Account For 40 Percent Of The Cargo Shipped Through U.S. Waters C o a s t Guard inspections have not always been reliable in detecting unsafe tankers.
The major Korean Shipyards have recently asked the Korean Government to lower the interest rate on loans for ship and plant equipment exports on deferred payment terms. At a recent meeting arranged with the minister of commerce and industry at the Plaza Hotel in Seoul,
Soaring steel prices are now a major concern for leading shipbuilders. Uncertainty about spiraling material costs is even causing some yards to defer new orders, market reports indicate. "The lack of steel in some shipyards of the three major shipbuilding nations
Shipowners are known for having distinct differences of opinion, but the one thing that all agree on is the importance of having access to capital. In an industry in which assets are generally bigticket items and operating margins can be thin,
For the investor looking at rates of return from the secondhand ship market, the 1990s should see major changes in the fortunes of players working the different fleet sectors. Taking the return generated on both trading profits (defined as time charter
Although the overall market share is small (four percent based on gt; seven percent based on cgt worldwide), the German shipbuilding industry is number one in Europe and number three in the world. German shipyards are specialists in building high-tech