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Galicia Has an Order Book with More Than Fifty Contracts Until 2012

According to experts from the sector, the Galician naval industry is living the sweetest moment of the last 20 years. The most optimistic assure that this type of stage can not be remembered since 30 years ago. The work overload of the large Asian shipyards and the large demand of ships for travelling on the sea expressways have brought in the Vigo and Ferrol rias a number of orders that already surpasses fifty, until 2012, and with a cost of 5,945 million euros. This historic turnover can be explained, more than by the number of ships ordered, which is much higher that fifty, by the dimensions and the quality of the projects allocated to the Galician industry, still competitive in costs and with a technological capacity not available, yet, in developing countries such as, China, India, or Vietnam.

Recent actions, backed up by the good business forecasted for the sector, have been carried out such as, the development of a Naval Repair Center in Vigo; the purchase of Factoría Naval (shipyard) in Marín, by the local company Daimon Naval; or the acquisition of Juliana Shipyard in Gijón by the Vigo shipyard Factorías Vulcano. Other emerging company of the sector is the Vigo company Vicalsa, which has acquired Piñeiro Shipyard in O Morrazo for expanding its affiliate Atollvic, which builds luxury yachts. (Source: La Voz de Galicia)

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