Much of shipbuilding may have disappeared from Europe, but European maritime suppliers and fitters still play a leading role in the world. However, every day the question becomes more pressing as to how long all these suppliers will remain truly European. In every...
Again and again, there have been calls for cooperation and consolidation in the defence industry. It is expected that this would lead to cheaper assets as well as an industry capable of dominating global competition like Airbus versus Boeing. But according to...
Diminishing attractiveness of a career at sea, coupled with rising man-berth ratios and continued fleet growth will lead to the highest shortfall of officers to crew the world’s merchant fleet in over a decade by 2026. This follows from the latest Manning Annual...
The offshore sector is likely to be the scene of a wave of major bankruptcies in the coming years. Bloomberg states this after consulting several countries in the sector. For example, the well-known British oil analyst Nicholas Green from Bernstein recently wrote:...
Despite Covid-19 and revenue falling 11 per cent as a result, Rolls-Royce Power Systems and its MTU brand still managed to make a profit over the first 6 months of 2020. The maritime sector, however, was largely responsible for putting pressure on the company’s...
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