Subsidies News

SOS (Save our Shipbuilding): Germany’s VSM Calls for Reduction of Dependence on China

As the geopolitical landscape continues to quickly transform with the Russia/Ukraine war, Europe's over-dependence on Russian energy has become painfully apparent. VSM – the German Shipbuilding and Ocean Industries Association that represents the political and commercial interests of the German maritime over a diversity of maritime market segments – issued the following statement and overview of the global shipbuilding market, highlighting how highly subsidized shipbuilding markets…