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Europe Daily Bulletin No. 7709

4 May 2000
Contents Publication in full By article 21 / 56
GENERAL NEWS / (eu) eu/shipbuilding
Commission recommends that the Council maintain pressure on South Korea to end unfair practices - Worldwide crisis continues

Brussels, 03/05/2000 (Agence Europe) - With its adoption on Wednesday of its second report to the Council on the state of the world shipbuilding market, the European Commission observed that the world market for merchant ships is continuing its state of crisis. Supply far outstrips demand and no improvement is likely. The decline in prices is continuing, in particular owing to extremely low prices from Korean shipyards. Studies on the cost of orders reveal once again the extent of losses (11...

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