RECOVERY OF THE EUROPEAN SHIPYARDS

Spectacular recovery of the European shipyards The European shipyards have recovered themselves of the worse crisis from World War II. It is demostrated by the data. The growth of new orders for merchant ships in the European shipyards has surpassed this last year even the Asian giant China. According to the last report of the Community of Associations of European Shipyards, a growth of 5.6% in tonnage terms has been registered during 2005.