Booming Market for German Suppliers
Advertise Here
Trending Topics:
Sunday, June 14, 2015

Ship Equipment
Ship Maintenance
Ship Systems
Worldwide Metric
Freeman Marine
Neptune Group

Home Page
About MarineTalk
Buyer's Guide
World InfoDesk
Discussion Forums
Advisory Board
Advertising Information
Submit Company Listing
Edit Company Listing
Site Map
MarineTalk Site Search:
Featured Companies

Industrial Property CARLES-BARRAZA LAW FIRM provides assistance in Copyright matters concerning the registration and protection of brands of products and services, advertising mottos, trade names, invention patents, models of usefulness,trademarks.

Mauritius Chamber of Commerce & Industry
Serving business since 1850, the Mauritius Chamber is the oldest non-profit private organisation in Mauritius.

BIMCO - The Baltic and International Maritime Council
Today, nearly 1000 owner members, 1,600 brokers, and 100 P&I clubs and other shipping-related companies are BIMCO members. Owner-members represent approximately 450 million DWT – 60% of the total cargo carrying capacity available.

Martech Enterprises Ltd.
Martech is an engineering consulting company incorporated in British Columbia, Canada. The company provides highly specialized professional engineering services to the marine and offshore industries assisting during execution of complex projects.

Booming Market for German Suppliers


German marine and offshore equipment suppliers with now 76,000 employees achieved sales of €11.9 billion in 2007, over 13.8 % up on the previous year. The export rate was 73 %. The sector could thus maintain and expand its leading role for high tech systems for worldwide shipping and shipbuilding. The increasing appreciation of lifecycle costs in companies and among the general public promises further benefits for German marine and offshore equipment makers, as in this area the R&D departments are looking well prepared into the future.

Though overshadowed by the big three Asian shipbuilding countries, the European shipyard industry is currently performing well. In 2007, 4,851 (previous year: 3,329) oceangoing vessels were ordered worldwide, including 606 (603) in Japan, 1,231 (692) in South Korea, 1,700 (881) in China and 422 (419) in the EU 27 countries, including 61 (65) in Germany. Global orders on hand for ships soared from 6,908 to a record 10,055 units last year. An end to this overheating could become apparent in 2008, as the flood of new orders clearly declined in the first few months, probably also due to saturation effects and capacity bottlenecks at shipyards, suppliers and shipping lines themselves.

German suppliers accordingly did 39 % of their foreign business in Asia and 34 % in other European countries in 2007. China is the largest foreign market, claiming 25.7 % of foreign orders, well ahead of Korea with a share of 10.5%. The sales market North America accounted for 6.9 % of orders and the Middle East 6.4 %. Norway’s share of business grew to 4.8 %, while Eastern Europe remained at its previous year’s level of 4.1 %.

A considerable bottleneck is currently the lack of experts in engineering across all faculties and to an increasing extent skilled workers and service personnel. The significant share of 7 % new hirings in 2007 could even be exceeded this year if there were not such a shortage of suitable staff. Companies are therefore increasingly helping themselves - marine equipment suppliers, mainly small/mid-sized firms, are hiring more and more young people straight from school in the dual study system.


About the Company

You may also like:
Trending Technology, World Shipping & Maritime News

Latest Marine News and Technology Articles | Maritime 2015 Buyer's Guide


E-mail:  Contact Us

Copyright © 1998 - 2015 MarineTalk
Division of Link Internet Business Solutions
All rights reserved.

The reproduction, retrieval, copying or transmission of this Web site content,
in whole or in part, is not permitted without the express permission of
MarineTalk .