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By 2021, Norway intends to have no fewer than 60 battery-powered ferries in operation.
Shipping companies and government invest in fleet renewal and expansion
The political change in 2017 will bring freedom to the economy for the first time and thus also a slight upturn for the time being.
II. Quarter 2018
US-Sanktionen veranlassen westliche Firmen zum Rückzug - Peking will die Lücken füllen
Newsletter on Chinese shipbuilding and offshore market 1. Quarter 2018
Current issue of quarterly report of market-research company IHS MARKIT.
Current edition of annual German-language information brochure on economic situation of marine and offshore equipment supplying industry available.
Incoming orders up again at last, by 2.7 percent • Technological development focusing on maritime energy transition • Digital service becoming increasingly important
The outlook for South Korean industry continues to be mixed.
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.
VDMA - WG Marine Equipment and Systems publishs a German-language information brochure on the market of German marine and offshore equipment suppliers once a year.
Construction begins on Saudi Aramco shipyard joint venture.
Mitsubishi Heavy Industries Marine Machinery & Equipment and Wartsila collaborate on improved power and propulsion solution
The technology group Wärtsilä is to acquire Transas, a global company headquartered in the U.K. The move will speed Wärtsilä along its path towards its Smart Marine Ecosystem vision.
Columbia's crude oil production has slumped by 18% from the beginning of 2015 to approx. 850,000 barrels per day (bpd) with companies cutting back on their investment because of the low oil price.
Sector sees light at the end of the tunnel
The oil and gas sector in this region is still in its infancy, and no investment is currently planned.
Uncertain parameters slowing offshore development
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.
The economy of the Republic of Congo (Congo-Brazzaville) is in serious trouble.
Significance for European Industry and Trade Policy
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.
There is currently not much activity in Ghana’s mining sector due to the decline in the gold price.
Chinese shipyards have recovered somewhat in 2017 – but for how long is questionable.
First rays of hope for shipbuilding in the wake of the crisis.
Newsletter on Chinese shipbuilding and offshore market in second quarter 2017.
Azerbaijan, which is dependent on oil and gas exports, has been suffering from the slump in oil prices.
With its long coastline and above all overseas territories, France accounts for one of the largest marine regions worldwide.
The oil and gas sector is the most important industry and the main investment sector in Azerbaijan, accounting for more than 85% of exports, about half of state revenues and a third of GDP.
Dr. Jörg Mutschler
Dr. Jörg Mutschler
Managing Director
(+49 40) 507 207-15
(+49 40) 507 207-55