In spite of Turkey's geographic location far away in the eastern part of the Mediterranean, the extremely low prices of the country's shipbuilding industry will impact Danish and other other Northern European shipyards. According to the Danish shipyards' interest group Danish Maritime, the prices are so conspicuously low that the matter should be raised with the EU Commission in Brussels.

"It's very noticeable up here, and that's why we're working with our contacts in Brussels to curb this development. We know it's a major problem, for Norwegian shipyards as well, but the Turkish state-aid is not very transparent, making it difficult to figure out how the state-aid works," CEO Jenny N. Braat tells ShippingWatch.