The European shipbuilding industry can expect more layoffs and a lower order book

The coronavirus crisis has been tough on the already strained shipyard industry, and in Europe this will mean more years with a low order book and more layoffs, says Kjersti Kleven, chairman of shipbuilding association Sea Europe. And yet, prices do not appear to have gone down, says Clarksons Research.

Photo: Phil Noble/Reuters/Ritzau Scanpix

The coronavirus crisis hit the European shipbuilding industry at a particularly critical time, says Kjersti Kleven, chairman of association Sea Europe, the group behind the European shipyards, in no uncertain terms.

While many industries currently look ahead to vaccine roll-outs and renewed hope and optimism, Kleven predicts several tough years ahead for shipyards in Europe.

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