Shipbuilding: supercycle set to continue while US and EU talk up shipbuilding strategies
- National shipbuilding strategies in Europe and the US look set to launch in 2025
- EU strategy expected to focus on high-value ships but strategy for US remains low on detail
- Demand for new ships to remain strong due to ageing fleets across most sectors and decarbonisation demands
The argument for expanding shipbuilding and marine equipment production in the West is gathering pace, while high demand for new ships across most sectors will continue, despite a recent slowdown in orders