Building Radiance News

Despite what could be best termed as difficult operating conditions, the German maritime market has persevered through its collective adherence to the principles which propelled it to the lead of the maritime construction and outfitting markets: a steadfast adherence to producing technologically correct and advanced vessels, products and systems. The challenges facing the German maritime market are not unlike those facing many of its European colleagues and competitors, or those facing industrial operations in any of the world's leading economies. The proliferation of lower-cost shipbuilding, ship repair and marine equipment supply options outside of Europe, particularly in Asia, has led to a significant drain on business emanating from and dollars flowing to the German homeland.