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Prospects in shipbuilding for South Korea and Japan amid the US and China scrutiny

Prospects in shipbuilding for South Korea and Japan amid the US and China scrutiny

8 May 2024 — Following the recent investigation by President Joe Biden into alleged unfair Chinese economic practices in shipbuilding and maritime logistics, the dynamic of the global maritime industry is expected to shift. This action, intended to support US shipbuilders, could inadvertently provide an opportunity for South Korean and Japanese producers to strengthen their market position against increasingly competitive Chinese rivals.

South Korea – an interesting market for European companies

South Korea – an interesting market for European companies

26 April 2024 — Korean economy shows a slightly slower growth in recent years. However, it remains one of the major economic forces in the world. With the rise of Korean culture, more foreign companies are getting familiar with Korea. Similarly, young Korean companies are networking more with foreign businesses. These trends make Korea increasingly interesting and accessible for international and especially European businesses.

Bringing agility to a traditional PMO to thrive in volatile situations

Bringing agility to a traditional PMO to thrive in volatile situations

21 March 2024 — The concept of PMO or program management office has been around for decades and played an integral part in bringing large scale programs and transformations to fruition. However, with the latest advances in project management, such as agile or lean, it is time for a facelift. In this article, we provide a blueprint for integrating the latest best practices into a traditional PMO setup.

Korean economy and the role of its SMEs

Korean economy and the role of its SMEs

8 March 2024 — The need for Korean SMEs expanding within the domestic industrial framework and venturing into international markets has become increasingly important to the country's economy today. To achieve realistic success in overseas markets, SME companies need to carefully analyze the local market, while seeking to receive proper support to surpass culture and language barriers.

China's landmark for the shipbuilding sector with its first cruise ship setting sail

China's landmark for the shipbuilding sector with its first cruise ship setting sail

15 January 2024 — Adora Magic City, China's first domestically built cruise ship, completed its first commercial voyage. As the vessel set sail, it signified China's capability to build mega-cruise ship and marked a significant milestone in the nation's maritime ambitions.

Optimizing working capital in a downturn for resilience

Optimizing working capital in a downturn for resilience

18 December 2023 — Many companies struggle to free up significant cash via optimizing net working capital (NWC). This article walks you through a pragmatic process for optimizing net working capital adding some practical key considerations as well. A systematic process is essential to free up cash reserves and shift working capital management from passive monitoring to active optimization.

An emerging trend of compact luxury cruise ships in the marine industry

An emerging trend of compact luxury cruise ships in the marine industry

6 November 2023 — Several new cruise lines are adopting an underdog strategy, deviating from the trend of launching increasingly larger cruise ships with up to 10 000 people in passenger capacity. While giant ships are a short-term "cash cow" for operators, smaller ships are believed to have distinct long-term advantages.

China built its first cruise ship, initiating an ambitious plan to take a share of the multi-billion industry

China built its first cruise ship, initiating an ambitious plan to take a share of the multi-billion industry

6 October 2023 — After 3 years of hiatus caused by the COVID-19 restrictions, international cruise lines can now resume sailings from China. However, China has moved forward on a 10-year plan with its own cruise line, with the ambition to become a key player in this multi-billion-dollar industry.