Category: shipbuilder

German Court to Rule in Row Over Funding for Cruise Shipbuilder MV Werften

January 12, 2022
Business & EconomyCompaniescruise shipsEuropeGermanshipbuilderWorld
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BERLIN—A German court will rule next week in a case brought by Genting Group against a German regional government after a row over funding for cruise shipbuilder MV Werften, which filed for insolvency on Monday. Genting, led by Malaysian tycoon Tan Sri Lim Kok Thay, bought MV Werften in 2016. The pandemic has hit the…

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Navy Shipbuilding Contractor Suspends Vaccine Mandate After Workers Threaten to Leave

November 20, 2021
AMERICABusiness & EconomyBusinesses in COVID-19CCP VirusCOVID-19NavyPolicies & ImpactsshipbuilderSocial IssuesUSUS NewsVaccinevaccine mandateVaccines & Safety
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A Navy shipbuilding company has ended its vaccine mandate after workers threatened to quit and the Navy confirmed it did not require the mandate. Huntington Ingalls Industries (HII), the parent company of Newport News Shipbuilding, is the world’s only manufacturer of the U.S. Navy’s nuclear-powered aircraft carriers. The company also serves as just one of…

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Ex-Boss of China’s Major Weapons Firm Norinco Under Investigation

April 6, 2021
ChinaChina Business & EconomyChina Shipbuilding Industry CorporationChina-US NewsChinese RegimeHu WenmingNORINCOshipbuilderweapons manufacturerYin Jiaxu
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The Chinese regime’s anti-corruption watchdog announced on April 4 that Norinco’s former chairman was placed under investigation over corruption charges. The Central Commission for Discipline Inspection issued a notice, stating that Yin Jiaxu, the former party chief and chairman of China North Industries Group Corporation (officially abbreviated as Norinco), was placed under disciplinary review and…

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