Despite a marked drop in shipbuilding volume during the past decade to lower cost competitors in the East, Germany's marine market has maintained it adherence to the highest technical standard while carving its niche in the world of constructing complex, high-value vessels. In many ways, the saying "the more things change, the more they stay the same" could be aptly applied to the current status of the German marine market. While the world, and certainly the business of constructing commercial ships for the world fleet, has changed dramatically in the past decade, Germany's role in this market has stayed remarkably on course. Facing steady market erosion to competitors in Japan…
