Login
7431247 - 05_10_2007 - Århus Værft - LIND OLE.jpg
Photo: Ole Lind

Shipbuilder FSG launches large-scale cost reduction initiative

Suppliers:

German shipyard Flensburger Schiffbau-Gesellschaft (FSG) plans to save millions of euros through a large-scale cost savings plan which will include wage reductions and firings. The plan ensures full financing for the orderbook, which includes two RoRo vessels for DFDS.


BY NIKLAS KRIGSLUND
Published 07.11.16 at 15:56

Log in to read articles

Some of our content is exclusively for subscribers.

Try ShippingWatch free for 14 days

Get 14 days free trial access

Sign up for ShippingWatch newsletter
Most read Suppliers

Dutch shipbuilder raided by tax authority

Damen_Dredging_Vessel.jpg Suppliers:

Damen Shipyard, the largest shipbuilding group in the Netherlands, was subjected to a dawn raid this week by the country's tax authority. According to several media reports, the raid is part of investigations into a case related to corruption and bribes.

Wärtsilä to bet on engine sales for Chinese vessels

Suppliers:

An engine factory will strengthen and upscale Wärtsilä's position as supplier of engines for the Chinese shipbuilding industry. In spite of the yards being under pressure, the supplier eyes a big market for, in particular, vessels for Chinese companies, says James Han, managing director of Wärtsilä China, to ShippingWatch.

Danish bunker company found guilty of fraud

Suppliers:

A Danish bunker company under court-ordered anonymity has been found guilty on Thursday of perpetrating fraud against one of its customers, Malaysian Pacific Inter-Link. A senior executive was also found guilty and given a prison sentence of 3 years and 6 months.

Daewoo CEO questioned over attempts to cover up losses

Suppliers:

The chief executive of struggling Korean shipbuilder Daewoo was questioned by state prosecutors on Tuesday over allegations that the yard tried to cover a major deficit in 2015 by underreporting losses.

MPA got clear warnings about Dennis Tan before OW collapse

Suppliers:

The Maritime and Port Authority of Sinagpore received repeated warnings about oil trader Dennis Tan in the years ahead of OW Bunker's collapse, documents reveal. His bunker company Tankoil was the perhaps biggest contributing factor behind the OW Bunker bankruptcy in 2014.

Monjasa risks exclusion from bunker association

Suppliers:

Monjasa seemingly faces exclusion from the International Bunker Industry Association IBIA after the fraud conviction. "I expect that the board will discuss the situation soon," says Chairman Robin Meech to Finans and ShippingWatch.

Current front page

Hapag-Lloyd executes its UASC redundancy plan

rolfhabbenjansen1.jpg Container:

Hapag-Lloyd has launched the process to streamline UASC and execute its redundancy plan. Rumors are circulating at the soon-to-be former HQ of the Arabic container carrier in Dubai. ShippingWatch can present the new regional manager who will effectively replace UASC CEO Jørn Hinge.

Growing speculation about new billion-dollar acquisition of container carrier

Container:

The price for one of the container industry's well-run carriers, Orient Overseas in Hong Kong, is at least USD 4.7 billion, says Alphaliner. The shares in the carrier rose again on Wednesday.

Søren Skou: IPOs most likely solution for Maersk Energy

Offshore:

Maersk Group CEO Søren Skou says in an interview with Bloomberg TV during the Davos summit that he thinks the most likely scenario for the group's energy business is an IPO. Søren Skou also projects increasing global trade.

Thorco Bulk expands with more recruitments

Carriers:

Thornico group's dry bulk carrier Thorco Bulk has built up enough revenue after just six months that it will now expand by hiring more employees. The carrier will gain its own CFO, says Managing Director Marc Slinger to ShippingWatch.

Dutch shipbuilder raided by tax authority

Suppliers:

Damen Shipyard, the largest shipbuilding group in the Netherlands, was subjected to a dawn raid this week by the country's tax authority. According to several media reports, the raid is part of investigations into a case related to corruption and bribes.

Icelandic seafarers: Eimskip deal secures jobs in Iceland

Carriers:

Iceland Seaman's Union believes a new deal with Eimskip now secures employment for members. The crews on board the carrier's vessels will be the focus of attention among Danish navigators when Eimskip and Royal Arctic Line launch their partnership in the North Atlantic.

ADVERTISEMENT
ADVERTISEMENT

Vacancies

ADVERTISEMENT