German yards and subcontractors strengthened through 2012

German shipyards and subcontractors grew stronger during 2012 and increased their revenue by 10 percent, compared to 2011, according to a new report.
Photo: Ole Lind
Photo: Ole Lind
BY LOUISE VOGDRUP-SCHMIDT

The German shipowners and KG companies may be in trouble, but in another part of the maritime industry - the subcontractors and the shipyards - there's no trouble to be found. Things are moving in another direction here, as the companies are experiencing growth, according to a new report by VSM - the German association for shipbuilding and maritime technology.

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