The new China study on current Chinese industrial policy, the international competitive situation and the "Made in China 2025" and "Belt and Road" initiatives presents the VDMA members with challenges and strategic options and thus supports them in developing their own strategy for dealing with and in China.
Forty cruise ships have been ordered in the span of the last 12 months, pushing the cruise ship orderbook to yet new record levels, as November opens with 120 new ships on order and some 273,264 berths with ship deliveries scheduled through 2027.
Ireland spends a considerable amount of money from 2018 to 2027 on upgrading its transport infrastructure. Major airports and seaports are also about to be modernised. A new submarine cable to France costs 1 billion euros.
Italy is focusing on modernising its sea transport sector. With improved rail links, Genoa and Trieste are to become more significant as hubs between southern and central Europe in the next few years. The digitalisation of ports is also proceeding apace. The reforms dating from 2016 are showing initial effects. Close on two years ago, several port authorities were combined and bureaucracy reduced.
The report “Outlook for Industries in 2018” published by Hyundai Research Institute (HRI) forecasts that 2018 will mark the turning point for the shipbuilding industry, which has been troubled by the longest recession it has known.
Investment in Norway’s oil and gas industry – about nine times higher than in the mining and processing sector together – declined by about 7% to close on €17 billion in 2016 and will probably fall again in 2017.