German yards and subcontractors strengthened through 2012
![Photo: Ole Lind](https://photos.watchmedier.dk/watchmedier/resize:fill:3840:0:0/plain/https://photos.watchmedier.dk/Images/article4706118.ece/ALTERNATES/schema-16_9/7431247%2520-%252005_10_2007%2520-%2520%25C3%2585rhus%2520V%25C3%25A6rft%2520-%2520LIND%2520OLE.jpg)
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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