Velasalen Nauta Shipyard Ltd News

Polish Shipbuilding Industry Consolidates, While Competition Continues To Boom

Poland boasts a varied and capable ship and boat building and repair base, a core of shipyards and marine equipment suppliers tested and proven to provide advanced marine solutions for owners both domestic and foreign. The companies, which constitute the Polish marine industry, are not unlike their colleagues from around the globe, in that the market forces of consolidation and competition continue to shape and re-shape the industry today. A sign of arrival was seen earlier this year, when Stocznia Gdynia was one of the more active participants in the push to purchase Kvaerner's two high-valued Masa-Yards facilities in Finland, and its announcement of an impending Initial Public Offering. The following serves as an update on Polish marine activities.