Mastering the challenges

摘要

The slump in demand, difficult financing conditions and low construction prices formed an extremely problematic environment and required further structural adaptations. In 2011 the deliveries of commercial vessels from German shipyards were significantly below the results of previous years, so that the total turnover of the shipyards was also greatly reduced, which also had a knock on effect to the supply industry with fewer orders and a time lag on those orders.