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Shipyards in Europe received in the first quarter of 2016 more orders than their competitors in Asia, German Shipbuilders and Ocean Industries Association Verband für Schiffbau und Meerestechnik (VSM) has said.
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According to worldmaritime news, out of the $ 6.5 billion worth orders on a global scale placed in the first quarter of this year, European shipyards won orders worth $3.7 billion, more than 50 percent, with the majority orders booked by the cruise ship construction sector in Europe.
It explained that Yards in Germany have experienced a major boost, with Meyer Werft winning an order from Saga Cruises and Disney Cruise Line for up to four ships in total.
