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The Xunta will increase its aid to the naval industry by 800,000 euros

The Regional Ministry for Innovation and Industry will sign a collaboration agreement with Pymar (Small and Medium-sized Shipbuilders undergoing Restructuring) The Xunta will increase its aid to the naval industry by 800,000 euros.

The Regional Ministry for Innovation and Industry will sign a collaboration agreement with Pymar (Small and Medium-sized Shipbuilders undergoing Restructuring)

aimed at fomenting naval construction in Galicia, via a supplement of 800,000 euros to increase the capacity to consolidate the patrimony fund guaranteeing contracts for the Galician shipbuilders.

The saturation of the Korean shipyards, specialisation in seismic vessels, freighters, chemical transportation vessels and tugs, of the private Galician shipyards, according to the Industry Ministry, has meant that the order book has increased once more in 2007 (Source: La Voz de Galicia).

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