New foreign investment in manufacturing has helped offset the loss of jobs in traditional industries in shipbuilding, steel and coal in the 1980s.
"The scale, position and unique nature of the building lead us to believe it played a key role in shipbuilding activities, " he added.
Chief executive Martin Jay said: This revised procurement policy provides us with longer-term security and is another move to alleviating the peaks and troughs that are traditional problems in shipbuilding.
Contrary to myth, medieval Europe was a font of innovation: water- and wind-powered mills, clocks, eyeglasses, chimneys and the wheelbarrow, as well as advances in shipbuilding, compassmaking and ironmongery (making wagon axles sturdier).
Hyundai started out as a construction company in 1947, and founder Chung Ju-Yung and his extended family soon controlled a powerful South Korean business empire consisting of some 50 companies with interests in shipbuilding, automobiles, elevators and securities, among others.
It also says that the merger of General Dynamics and Newport News would face scrutiny from regulators because it would create a monopoly in nuclear shipbuilding.
After testing private-equity interest in the shipbuilding unit, the company decided it made more sense to spin off the property to shareholders due to tax considerations.
Martin Stopford of Clarksons, a shipbroking firm, suggests that the current surge in replacement shipbuilding will begin to fall off after 2000, as more new vessels are delivered.
Built in 1912 at Lytham Shipbuilding Yard in England, the vessel was originally named the Livingstone and served as a cargo vessel for the British East Africa Rail Company.
On Tuesday, the defense contractor announced that it will be shuttering one of its seven shipyards, the Avondale facility in Louisiana, in an effort to reduce costs and consolidate its Gulf Coast shipbuilding operations in Mississippi.
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Similarly they have been winding down in steel, shipbuilding, car assembly, television sets, and, of course, commodity semiconductors.
It said it now had a stable workload and would be able to proceed with plans to invest in a new shipbuilding facility within the Portsmouth naval base.
Born in Athens, Economou first came to America to attend MIT, where he received two masters of science, one in naval architecture and marine engineering, another in shipping and shipbuilding management.
Peter dragged a backward Russia into the modern age by exploiting Western technology--shipbuilding in particular--and creating a formidable navy, as he reformed the economy and enlarged national boundaries.
Anyone who knows how heavy industry used to work in Scotland - shipbuilding is the example I know best - knows that for generations promotion was out of the question if you went to a school called St Anything's.
Simply put, the 300 ft tall towers can be built in dry docks at shipbuilding facilities, like Bath Iron Works, and then floated out into position.
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India is one of those looking at the Type 26, having previously looked to Russia, and naval experts also point to growing military shipbuilding capacity in South Korea and China.
It was understandable that there was optimism that shipbuilding would return in the form of two cruise liners for the American Luxus group.
Last month Walter Natynczyk, the outgoing chief of the defence staff, criticised a delay in signing detailed contracts for the shipbuilding scheme.
But hardly any details have been decided, particularly the tricky ones of how this will ease South Korea's blight of overcapacity in practically every industry, from shipbuilding to semiconductors.
In the 1970s, the steel and shipbuilding unions paved the way for broad wage rises.
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In Heiligendamm's home province the shipbuilding industry had shriveled, farms were struggling and unemployment reached into the double digits.
Korea's shipbuilding sector extended its recent strength in Seoul.
It hopes its young shipbuilding industry will be a key element in achieving that goal.
But the former head of the armed forces, Sir Jock Stirrup, told the BBC on Sunday that the aircraft carriers deal had been done for "entirely sensible" reasons - to persuade the UK's shipbuilding industry to scale down and invest in rationalisation.
Even in 1974, the Labour Government spent 2 years renationalising shipbuilding and the public spent 2 years wondering why.
Rio's boosters point to new investment in textiles, fruit, a new deepwater port and a resurgent steel and shipbuilding industry.
Although the armored-vehicle business may lose some ground as overseas contingencies wind down, the shipbuilding business routinely outperforms competitors and the information business is well positioned in all segments.
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The United Kingdom let their shipbuilding industry die and is now contracting the building of their warships to Daewoo in South Korea.
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With an armada of 77 ships, Carnival has slowed its costly shipbuilding program from 7 last year to no more than 4 per year beginning in 2005.
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