State funds support ageing fleet renewal

Article Abstract:

The maritime sector has always been important to Indonesia in view of the country's archipelagic nature. As the demand for vessels for cargo and human transportation grows, Indonesian authorities are realizing that the country's aging maritime fleet is in need of an upgrade. The government is pursuing a two-tiered strategy of subsidizing newbuildings and requiring mandatory fleet upgrades in an effort to stimulate the shipbuilding sector. However, subsidies have mainly been limited for smaller vessels and new scrapping laws have remained largely unimplemented. Most of the work currently performed in Indonesian shipyards involves repairs and retrofits.

Evaluation, Indonesia, Shipbuilding subsidies

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Calm before recession

Article Abstract:

The economic turmoil in Far East Asia has created negligible impact on the performance of Japanese and Korean shipbuilding companies. Despite the crisis, contracts for shipbuilding operations have been increasing in the both countries. Between the two, however, growth has been more pronounced in Korea where shipping yards have remained busy throughout 1999. Their Japanese counterparts, however, claim that the success of Korean shipbuilders is anchored on the high shipping rates levied to partners.

Economic aspects, Japan, Asia, Korea

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Divers face Grimm damage

Article Abstract:

Singapore's Underwater Shipcare Pte provides an alternative to drydocking for ship repairs. The underwater repair company was hired to examine excessive vibrations on the Panama Senator container ship. Underwater video images showed major damages to the propeller and the Grimm wheel. Repairswere all done in situ using skilled divers and underwater repair equipment. Underwater Shipcare claims that using divers instead of drydocking is a cheaper and more effective method for ship repair.

Maintenance and repair, Ships, Underwater Shipcare Pte

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