The German Shipbuilding Rebound

German shipbuilding has made a significant turnaround. The country’s shipbuilding industry has seen increases in the number of employees, orders and deliveries compared to 2013, according to the German Shipbuilding and Ocean Industries Association (VSM).

The special shipbuilding sector drove this growth, as 20 of the 34 delivered new builds could be classified as high-quality special vessels or naval units.

Although VSM announces its annual balance officially in May of each year, MR was able to obtain some early insights into the results. “The order incomes in 2014 have been remarkably better than in 2013 – in regard to value as well as tonnage.

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