<div><p>South Korea's new conservative government said Tuesday it had dropped plans to privatise public utilities and health care insurance, in a major policy turnaround.</p><p>The decision was made during discussions last week with the ruling party, the finance ministry said, amid growing fears ...
<div><p>South Korea's financial watchdog Friday announced a second list of 20 troubled construction firms and shipyards which will face forced restructuring.</p><p>Creditors will close down five non-viable firms, including one shipyard, and put 15 others under a workout programme to normalise operations through ...
WASHINGTON (Reuters) - The two largest U.S. military shipyards warned on Wednesday that the U.S. Navy's 30-year shipbuilding plan funded 13 fewer surface ships in the near term, which would likely result in layoffs across the industry and higher shipbuilding costs. David ...
<div><p>South Korea's Hanwha Group said it may go to court to recover a 220 million dollar deposit after Korea Development Bank (KDB) cancelled a deal to sell the world's third largest shipyard.</p><p>State-run KDB on Thursday confirmed it had scrapped the deal to ...
<div><p>Hyundai Heavy Industries, the world's largest shipyard, said Tuesday it would jump into the race to buy local rival Daewoo Shipbuilding.</p><p>Hyundai Heavy said it would submit a letter on Wednesday to express its interest in buying Daewoo Shipbuilding, the world's third largest ...
<div id="subtitle">EU orders Polish government to recover aid to Baltic shipyards as part of privatization plan</div><div><p>The European Union ordered Polish authorities to recover subsidies pumped into two ailing shipbuilding companies Thursday, effectively forcing the privatization of the Baltic yards which were in ...
<div id="subtitle">French government buys share of country's last civil shipyard to protect national interests</div><div><p>The French government has bought a third of the country's last civil shipyard as part of a previously announced plan to protect its national interests, President Nicolas Sarkozy's office ...
<div id="subtitle">Production of stealthy DDG-1000 destroyer begins with little fanfare, lingering questions</div><div><p>The two shipyards building the Navy's next-generation destroyer held private ceremonies this week signaling the start of construction, but the future remains cloudy for the stealthy warship that doubled in price ...
<div><p>Cammell Laird, one of the grandest names in British maritime history, has made a comeback - just as the <a href="http://www.guardian.co.uk/business/creditcrunch">credit crunch</a> is wreaking havoc with the wider shipping industry.</p><p>The company, based at the Birkenhead ...
<div><p>South Korea's state-run Korea Development Bank said Sunday it will delay finalising a deal to sell the world's third largest shipyard, Daewoo Shipbuilding and Marine Engineering.</p><p>The signing of the final contact to sell the shipyard to preferred bidder Hanwha Group, originally due ...
