China Dominates Global Shipbuilding for 15th Consecutive Year
China maintained its top position in global shipbuilding for the 15th consecutive year in 2024, accounting for 55.7% of the global volume, 74.1% of new orders, and 63.1% of the order backlog; exporting 5,804 ships, valued at $43.38 billion.
China Dominates Global Shipbuilding for 15th Consecutive Year
China maintained its top position in global shipbuilding for the 15th consecutive year in 2024, accounting for 55.7% of the global volume, 74.1% of new orders, and 63.1% of the order backlog; exporting 5,804 ships, valued at $43.38 billion.
Progress
36% Bias Score
Samsung Heavy Industries Shares Surge Amidst Trump's Fossil Fuel Plans, South Korea Unemployment Rises
Shares of South Korean shipbuilding company Samsung Heavy Industries hit a near 9-year high on Wednesday, potentially due to President-elect Donald Trump's plans to boost U.S. fossil fuel production, while South Korea's unemployment rate reached a three-year high of 3.7% in December 2024.
Samsung Heavy Industries Shares Surge Amidst Trump's Fossil Fuel Plans, South Korea Unemployment Rises
Shares of South Korean shipbuilding company Samsung Heavy Industries hit a near 9-year high on Wednesday, potentially due to President-elect Donald Trump's plans to boost U.S. fossil fuel production, while South Korea's unemployment rate reached a three-year high of 3.7% in December 2024.
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44% Bias Score
Trump Vows to Rapidly Expand US Navy Shipbuilding
President-elect Trump plans to significantly increase US Navy shipbuilding, aiming for a rapid increase in the number of ships and contrasting this with China's current rate, while also criticizing the Biden administration for prioritizing the Green New Deal over naval expansion.
Trump Vows to Rapidly Expand US Navy Shipbuilding
President-elect Trump plans to significantly increase US Navy shipbuilding, aiming for a rapid increase in the number of ships and contrasting this with China's current rate, while also criticizing the Biden administration for prioritizing the Green New Deal over naval expansion.
Progress
56% Bias Score
Navantia Acquires Harland & Wolff, Securing UK Shipbuilding Jobs
Navantia, a Spanish shipbuilding company, will purchase the UK's Harland & Wolff shipyard for approximately £70 million, securing 1,000 jobs and facilitating the completion of a major shipbuilding contract valued at €2 billion.
Navantia Acquires Harland & Wolff, Securing UK Shipbuilding Jobs
Navantia, a Spanish shipbuilding company, will purchase the UK's Harland & Wolff shipyard for approximately £70 million, securing 1,000 jobs and facilitating the completion of a major shipbuilding contract valued at €2 billion.
Progress
40% Bias Score
Damen Shipyards Components Reach Russia Despite EU Sanctions
Despite EU sanctions, hundreds of European components reached Russian shipyards in 2023 via Turkey and Hong Kong for a Damen Shipyards project, raising questions about sanctions enforcement and corporate due diligence.
Damen Shipyards Components Reach Russia Despite EU Sanctions
Despite EU sanctions, hundreds of European components reached Russian shipyards in 2023 via Turkey and Hong Kong for a Damen Shipyards project, raising questions about sanctions enforcement and corporate due diligence.
Progress
48% Bias Score
Sanctions Evasion: Thousands of Parts Shipped to Russia for Damen Shipyards Project After EU Sanctions
Nieuwsuur's investigation, using Russian customs data, reveals that thousands of parts were shipped to Russia for a Damen Shipyards project after EU sanctions were imposed in February 2023, raising concerns about potential sanction evasion and highlighting vulnerabilities in the sanctions regime.
Sanctions Evasion: Thousands of Parts Shipped to Russia for Damen Shipyards Project After EU Sanctions
Nieuwsuur's investigation, using Russian customs data, reveals that thousands of parts were shipped to Russia for a Damen Shipyards project after EU sanctions were imposed in February 2023, raising concerns about potential sanction evasion and highlighting vulnerabilities in the sanctions regime.
Progress
40% Bias Score
USTR Finds China's Maritime Dominance Unreasonable, Actionable
The U.S. Trade Representative's office determined that China's dominance in shipbuilding, maritime, and logistics is unreasonable and actionable under U.S. trade law, citing China's state control and unfair practices that have significantly reduced U.S. shipbuilding from 70 ships in 1975 to fewer th...
USTR Finds China's Maritime Dominance Unreasonable, Actionable
The U.S. Trade Representative's office determined that China's dominance in shipbuilding, maritime, and logistics is unreasonable and actionable under U.S. trade law, citing China's state control and unfair practices that have significantly reduced U.S. shipbuilding from 70 ships in 1975 to fewer th...
Progress
64% Bias Score
Trump Suggests Outsourcing Shipbuilding Amid China's Superior Capacity
Facing China's vastly superior shipbuilding capacity (232 times greater than the U.S.), President-elect Trump suggested outsourcing ship production, contrasting with his prior campaign promises to boost domestic manufacturing; this comes as the U.S. Navy struggles to meet its shipbuilding goals.
Trump Suggests Outsourcing Shipbuilding Amid China's Superior Capacity
Facing China's vastly superior shipbuilding capacity (232 times greater than the U.S.), President-elect Trump suggested outsourcing ship production, contrasting with his prior campaign promises to boost domestic manufacturing; this comes as the U.S. Navy struggles to meet its shipbuilding goals.
Progress
52% Bias Score
German Government's Meyer Werft Bailout Based on Incomplete Assessment
In 2022, Germany's Lower Saxony state and the federal government purchased 40% stakes each in the financially troubled Meyer Werft shipyard, guaranteeing €2.6 billion in loans based on initial viability assessments that did not account for cost overruns on new projects, including converter platforms...
German Government's Meyer Werft Bailout Based on Incomplete Assessment
In 2022, Germany's Lower Saxony state and the federal government purchased 40% stakes each in the financially troubled Meyer Werft shipyard, guaranteeing €2.6 billion in loans based on initial viability assessments that did not account for cost overruns on new projects, including converter platforms...
Progress
40% Bias Score
Damen Components Found in Russian Shipyards Despite Sanctions
Following the imposition of Western sanctions against Russia, Damen Shipyards components ended up in Russian shipyards building Damen-designed fishing vessels, raising concerns about potential sanctions violations, despite Damen's claim of compliance and Dutch customs investigations.
Damen Components Found in Russian Shipyards Despite Sanctions
Following the imposition of Western sanctions against Russia, Damen Shipyards components ended up in Russian shipyards building Damen-designed fishing vessels, raising concerns about potential sanctions violations, despite Damen's claim of compliance and Dutch customs investigations.
Progress
52% Bias Score
Navantia to Acquire Harland & Wolff Shipyards, Saving 1,000+ Jobs
Navantia, a Spanish shipbuilding company, is on the verge of acquiring Harland & Wolff's four UK shipyards, saving more than 1,000 jobs and securing a renegotiated contract for building Royal Navy ships, with the deal expected to be finalized next week.
Navantia to Acquire Harland & Wolff Shipyards, Saving 1,000+ Jobs
Navantia, a Spanish shipbuilding company, is on the verge of acquiring Harland & Wolff's four UK shipyards, saving more than 1,000 jobs and securing a renegotiated contract for building Royal Navy ships, with the deal expected to be finalized next week.
Progress
40% Bias Score