A difficult year for Europe and likewise for the shipbuilding industry is ending with encouraging signals from European Institutions, which underline the importance of the sector and the respective understanding of policy makers. The Council, the Commission and the European Investment Bank have each concluded deliberations related to shipbuilding, much appreciated by the industry. The Council took note of a clear report by European Commission Vice President Tajani about the worrying business situation and short term prospects. A large number of Member States welcomed the initiative of the Commission and offered full support for the approach outlined.