Search Results for: Korean

BY KEITH NUTHALL
THE EUROPEAN Bank for Reconstruction and Development has developed what appears to be the rather unlikely plan to lend US$25 million to a South Korean-owned shipbuilding firm, in a bid to increase its industrial capacity. Although the proposed loan would actually be spent on boosting Daewoo Shipbuilding and Marine Engineering’s operations in Mangalia, a Black Sea coast town in Romania, near the Bulgarian border, the bank is said to be aware of the political sensitivities.…

BY KEITH NUTHALL
THE EUROPEAN Union Council of Ministers has imposed definitive anti-dumping duties on imports into the EU of certain steel and iron cables from the Czech Republic, Russia, Turkey and Thailand.

Its decision – by the written procedure used during Brussels’ summer break – follows an inquiry, which “confirmed” concerns that the sale of cut-priced cables from these countries was harming EU producers.…

Keith Nuthall
BY start of the next decade, all petrol engine automobiles driving in the European Union will have to run on sulphur-free fuel, if EU ministers back fresh proposals from the European Commission.

It wants sulphur to be banned from petrol in the EU by 2011, and has proposed that sulphur-free petrol and diesel should be made available in every Member States from January 1, 2005.…

BY KEITH NUTHALL
THE SOUTH Korean government is continuing to bankroll its shipbuilding industry, allowing its companies to continue dominating this international sector, on the basis of unfair trading practices, a European Commission report has alleged. It noted that last year saw an significant expansion in shipbuilding orders worldwide, but that the 56 per cent rise in orders “benefited South Korean yards,” which increased their market share, rather than EU shipbuilders, whose share remained static.…