CNN Investigators continue to search the ocean floor for insights into how a "catastrophic eruption" could have occurred. Killing all five passengers A
VSM: There is a risk of irreversible loss of essential shipbuilding skills May 4, 2021, by Jasmina Ovcina
The corona pandemic has further exposed the vulnerabilities of the German and EU shipbuilding sectors, which have already been under massive pressure from the Asian competition.
Specifically, German shipbuilders have been predominantly active in the cruise shipbuilding and large yacht building sectors as well as naval shipbuilding supported by governmental programs.
Even before the pandemic, orders in sub-segments such as RoRo ships and large ferries went mainly to Asia, despite proven specialization, due to massive distortions of competition, the German Shipbuilding and Marine Technology Association (VSM) said.