German Government Calls For More Warship Mergers

German Government Calls for More Warship Mergers
Maritime Activity Reports, Inc.
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More tie-ups and mergers are needed in the warship industry, the German government said on Monday, adding it would play an active role in consolidation in what remains a fragmented sector shaped by political decisions.
Cooperation must be intensified in the industry in northern Europe, Norbert Brackmann, the German government's coordinator for maritime economy issues, told a conference, adding further consolidation was necessary and expected.
"That's why we have proactively supported talks among the big shipyards that are active in marine shipbuilding," Brackmann said, adding that a smarter division of labor was needed. "That makes such a cooperation between the German shipyards extremely helpful."

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