German yards believe in future of European shipbuilding

German shipbuilding association VSM firmly believes in the European shipbuilding industry, despite Asian dominance.

Reinhard Luken, managing director of VSM, said at TradeWinds Shipowners Forum Germany: “If I didn’t believe in European shipbuilding, I would quit my job!

“I am 100% sure there is a future, and I understand the urgency to make sure we keep maritime competence in Europe.”