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Germany's Shipbuilding Industry Thrives Despite Economic Challenges

Record civilian orders and robust naval capacity bolster optimism, but China's dominance raises competitive and strategic concerns.

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Auch der militärische Neubau sorgt für gute Aufträge – hier die Fregatte „Nordrhein-Westfalen“ (F223) an einer Kaimauer der Norderwerft im Hamburger Hafen

Overview

  • German shipbuilders achieved a record €10 billion in civilian order intake last year, reflecting strong demand despite broader economic difficulties.
  • The industry employs approximately 200,000 people nationwide and generates around €40 billion in annual revenue.
  • Naval shipbuilding and repair sectors remain strong, with industry leaders emphasizing their strategic importance amid global security threats.
  • China now accounts for two-thirds of global civilian shipbuilding orders, with its tonnage growing from 1.5 million GRT in 2002 to over 20 million today.
  • Chinese military expansion, including plans to develop naval capabilities to seize Taiwan by 2027, is viewed as a serious concern by German industry leaders.