Hyundai Heavy Wins $1.2 Billion Greek Shipbuilding Order

By A. Papapostolou on July 3, 2012 in Korea, News

Hyundai Heavy Industries, the world's largest shipbuilder, said on Tuesday it had won a $1.2 billion order to build 10 huge container ships for a Greece-based company.
"These orders are noteworthy considering the current sluggish shipbuilding market," the South Korean company said in a statement.
"We expect some orders to be realised in the second half to help achieve this year's order target."
But the deal still leaves the company far short of its ambitious target of new orders for this year.
Hyundai Heavy has won orders totalling $6.13 billion so far this year including the latest order, a spokesman told AFP. Its 2012 target is $24 billion, up from last year's $20.1 billion.
The company said the 10 container ships, each capable of carrying 13,800 TEU (twenty-foot equivalent unit) containers, would be delivered to the Greek shipowner, whose name was not disclosed, by the second half of 2014.
(source: AFP)

http://world.greekreporter.com/2012/07/03/hyundai-heavy-wins-1-2-bln-greek-shipbuilding-order/


Power through Knowledge
"I hope for nothing. I fear nothing. I am free."
Nikos Kazantzakis

Naturally a question arises...Why not Greece? As Panos Laskaridis (see info below) said in his speech a month ago:

"Especially for the shipyards, it would be useful to add the following general comments: We must distinguish shipbuilding in two categories. Shipbuilding yards where the Greek cannot compete today in any way with the shipyards in the Far East. They can only build naval ships or specialised vessels and those are with high costs due to very low productivity.

The other sector which in Greece has been great in the past and can also see great success in the future, is that of the ship repair sector, what is generally called the Perama ship repair base. The expertise and technical capacity of the Greek repair teams is very high but this area still suffers from unbearable trade unions and thus political influence, and as a consequence there is no confidence to bring the ships in Piraeus and Perama for repairs."



Panos Laskaridis' full speech on Greek Shipping's importance at the War museum last month:
http://www.allaboutshipping.co.uk/2012/06/01/panos-laskaridis-full-speech-on-greece/




Panos C Laskaridis
Managing Director
Laskaridis Shipping Co. Ltd.
Panos Laskaridis established Laskaridis Shipping Co.Ltd. in 1977 and Lavinia Corporation in 1978 which developed into a versatile Shipping Group controlling a large Reefer and Tanker Fleet, two shipyards in Spain, various agencies, shipbroking and shipoperating companies in Europe and the USA along with various other shipping related business. He oversees the day to day business of the Group which employs some 3500 people.

He has over 35 years experience in shipping and has been involved variously in other Group related business in Leisure, Gaming and Real Estate.

He is the current Chairman of the UK FD+D Club, Secretary of the Union of Greek Shipowners, a Member of several Classification Societies' Committees in Greece and a Member of many Learned Societies.



Power through Knowledge
"I hope for nothing. I fear nothing. I am free."
Nikos Kazantzakis

When ship are complete, Greeks will complain that the ships are not built correctly and refuse payments like they did with the U214 subs...You'll see!

Unfortunately Mr. Laskaridis is right about trade unions.

The Commies, SYRIZAoi and PASOKoi Union men have fvcked up the Perama shipyards. And then they whine about unemployment!

..



"The Turkish Cypriots looted, robbed and ravaged Greek Cypriot properties. They must start producing instead of being mere consumers. The Turkish Cypriots wanted to live without working!"

Major-General Bedrettin Demirel (1917-1988)
Commander of the Turkish Invasion Forces in 1974

The ships will more than likely carry flags of convenience and be crewed by Phillipino or Sri Lankans, no tax revenues no real jobs created!

Perama lost out to Tuzla a long time ago, Greek ship owners have been coming to Turkey to get their ships repaired!

I Hail The Flag

Hyundai is the largest and fastest commercial shipbuilder of the world. korean workers and enginners are HARDWORKER look like ANTs.

parasite and lazy gayreeks CAN NOT build such great things inspite huge financial sources of the EU.. this is why they BANKRUPTED.


1922
SWIM DIMITRI SWIM

2012
WORK DIMITRI WORK

Seafarting nation named Gayreece can't build its ships themselfs?

What kind fo SeaFARTing nation are you greeks!

A big fart I think!!!!

LOL

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Ne Mutlu Türküm Diyene - NMTD

"Özgürlük ve bagimsizlik benim karakterimdir"

Mustafa Kemal ATATÜRK
(Nutuk, 1919)

Br
NMTD