Word: gdynia
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...bulk of a passenger ferryboat. It combines elements of both, as if a cargo ship had slowly crunched its stern flat against an iceberg. It's the latest in a new line of ships to roll out of Dry Dock No. 1 in the industrial port city of Gdynia. It's also a rare economic success story to emerge from the tatters of communist rule...
Finnfighter is one of several Gdynia prototypes that go beyond mere tinkering with conventional cargo hulls to meet the special needs of international clients. Together with lower labor costs and aggressive restructuring, this kind of niche marketing has fueled a remarkable turnaround. Order books for the Gdynia Shipyard Group are among the fattest in the global shipbuilding industry. Between now and 2004, some 65 ships worth more than $2 billion will sail from these docks...
...Gdynia workmen are cutting steel for a replacement fleet of seven custom-designed carriers for the timber giant Weyerhaeuser, based in Federal Way, Wash. The 78-year-old yard beat out competing bids from Japan and South Korea for the contract, said to be worth some $250 million. Frank Mendizabal, a Weyerhaeuser spokesman, said the company asked U.S. shipyards, which he declined to name, to bid on the contract but received no response. Gdynia's bid offered the "best value" in terms of cost and willingness to collaborate on the new design. "There are not a lot of shipyards...
...Gdynia's success comes at a time of oversupply in the shipping industry worldwide and hard times generally in Eastern Europe's fledgling market economies. Wolfgang Hubner, head of the transport division at the Paris-based Organization for Economic Cooperation and Development (OECD), called the Gdynia yard's resurrection "astonishing. Everyone is pleasantly surprised--except its competitors...
...years ago, the Gdynia yard was threatened with bankruptcy and unable to obtain financing from local banks. The change came with the arrival of CEO Janusz Szlanta, 48, a plainspoken former provincial governor and investment banker known for his financial acumen but new to shipbuilding...