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BTJ 5-17 - Passengers and guns only. Baltic and European shipyards' performance in 2016

Publication date: 2017-10-31

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BTJ 5-17 - Passengers and guns only. Baltic and European shipyards' performance in 2016

The shipbuilding figures for 2016 look good, maybe even better than many would initially expect.

European shipyards delivered last year a total of 2.5 million Gross Tonnage (GT) units, more by 58% year-on-year. 

As a result, the continent's contribution to the global output rose to 4% for the first time since 2011.

The order books look promising, too. At the end of 2016, Europe had 6.6% and 11% of all the orders worldwide, measured in GT and Compensated Gross Tonnage (CGT), respectively.

Passengers and guns only, by Marek Błuś

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BTJ 5-17 - Passengers and guns only

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