Mixed fortunes prevail

Article Abstract:

The US shipbuilding industry received the sum of $2.89 billion in new commercial shipbuilding orders for 1998, primarily through Title XI guarantees under the National Shipbuilding and Shipyard Conversion Act of 1993. The availability of such loan guaranty programs has managed to revitalize the nation's shipbuilding industry, which is primarily dependent on orders from the US Navy. However, the slight improvement is still a long way from the industry's target of 10% of the world's orderbook.

Industry Overview

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Greek yards need cash

Article Abstract:

Financial prospects for two state owned Greek shipyards, Hellenic and Elefsis, are not so bright. Hellenic has only two commercial ships in for repair in its large repair yard. However, Hellenic's general manager believes that the low business level is only temporary. Elefsis, for its part, is still hoping that its planned privatization will push through. In contrast to the two, a private shipyard Neorion is doing relatively well.

Greece, Shipyards

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Yards seek work as consolidation continues

Article Abstract:

Issues are presented concerning the contraction which has occurred in the US shipbuilding industry. The sale of drydock facilities by shipbuilder Cascade General following the collapse of minority owner Cammell Laird is discussed.

United States, Cammell Laird, Shipbuilding, Cascade General Inc.

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