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.