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...The national shipbuilding strategy, last updated two years ago, sketched out plans for a single class of multi-role support ship (MRSS) to enter service in the early 2030s that would replace the current...
...The company has raised another $16mn from US and UK investors....
...US investor capital from Vanguard also funded affiliates of the China State Shipbuilding Corporation, a military-linked conglomerate, the report said....
...Twenty-nine years ago, their father Paul redirected metalworking skills he had acquired in shipbuilding into a sheet metal fabrication company serving customers including Nissan....
...An investigation into Chinese shipbuilding will potentially create more tension between Washington and Beijing....
...It is shipbuilding, however, that has become the latest and potentially most important battleground....
...What’s more, the complaint says, “Chinese companies — primarily state-owned companies — have become leaders in financing, building, operating and owning port terminals around the world.”...
...The 135,500-tonne Adora Magic City, commissioned by a joint venture between the China State Shipbuilding Corp and US-based Carnival Corp, set sail on Monday from Shanghai for South Korea and Japan before...
...It is also talking to the German government about taking a stake in the business, the company said....
...“It is important for us to get ahead of China’s new export surge and their continued pressure on prices that make it hard for American steel companies to compete,” said a senior US official, who added that...
...Meanwhile, chair Richard Solomons has bought 22,900 shares for roughly £100,000 and Caroline Ingall-Tombs — a person closely associated with chief financial officer Stuart Ingall-Tombs — has bought 22,904...
...Over the past two years, at least three South Korean companies have been charged with industrial espionage relating to the Taiwanese submarine programme....
...A shadow fleet of companies with opaque ownership has stepped in to transport Russian oil, buying up older and cheaper tankers, which large oil companies often consider scrapping after 15 years of wear and...
...Is there any serious evidence that a Japanese company threatens US security, which is the whole point of the Cfius review process?...
...That’s because the current global trade and financial framework still incentivises what’s cheapest for companies and most profitable for shareholders, not what’s best for the planet....
...The company has been through an extensive restructuring since 2020 under chief executive David Lockwood....
...The plan is aimed at launching new warships more rapidly while maintaining a commitment to increasing shipbuilding capability in Australia....
...Since the US shipbuilding industry has shrunk dramatically over the past several decades, the transport of goods by water in the US is highly constrained....
...South Korea’s economy needs to adapt urgently to rising competition from China, the country’s finance minister has warned, as its biggest exporters battle for market share in sectors ranging from chips to shipbuilding...
...non-shipbuilding businesses were put into a new company, the Laird Group....
...Separately, the Harbin city government in December said China State Shipbuilding Corporation, Harbin Guanghan’s parent, sold 20 turbines to a “Russian company”....
...The United Steelworkers union will later today ask President Joe Biden to open a trade investigation into alleged Chinese unfair economic practices in the shipbuilding and maritime logistics sectors....
...A crunch in global shipbuilding capacity may also support earnings from tanker broking. Clarkson thinks there are 40 per cent fewer large shipyards today than a decade ago....
..., according to the South Korean company....
...Weld Australia has proposed that Canberra launch a Shipbuilding Welding Academy. In the US, defence manufacturers are targeting high-school career fairs....
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