and Employment, Order Books and Perspectives in the German Shipbuilding Industry

Size: px
Start display at page:

Download "and Employment, Order Books and Perspectives in the German Shipbuilding Industry"

Transcription

1 and Employment, Order Books and Perspectives in the German Shipbuilding Industry Results of the Work Council Poll in September 2002

2

3 IAW Arbeitspapier X Abstract In 2002 the employment situation at most German shipyards is good, the main reason for this being the completion of the relatively high order volume from the years 2000 and But new orders in 2002 are well below the levels of 2001 it could even be described as a collapse. This is a reflection not only of the recessionary nature of the total world economy, but also of the slow economic upswing in Germany and the uncertainty arising from the current Middle East situation. This could have a negative impact on employment at German shipyards even in the immediate future. 1. The low price level of new vessels resulting from the aggressive capacity expansion and pricing policy of the Korean yards remains a central problem. The Federal Government s shipbuilding aid package which comes into effect in October 2002 will be a major step in combating this competitive imbalance, as will a possible legal action by the EU Commission against South Korean dumping practices at the World Trade Organisation. 2. For east German yards, strict capacity limitations have become an increasingly serious obstacle to global competitiveness. 3. Based partly on the concrete plans for the ESDP = European Security and Defence Policy, the German yards have been coordinating their naval shipbuilding activities more efficiently.

4

5 IAW Arbeitspapier X Contents Abstract 3 1 Employment, Order Books, Perspectives Results of Survey carried out in Works Councils in September Results in Detail 7 Slight increase in Employment but with risks 7 3 Global and Political Factors World Shipbuilding Markets German government aid for shipbuilding within the framework of the EU policy on South Korea 9 Special developments at specific yards in 2001/ Orders for German yards September 2001 August Slight drop in 2002 in the number of hours worked Future Employment Prospects Capacity Utilisation in German Shipbuilding Overtime 14 5 Naval Shipbuilding European Naval Shipbuilding Cooperation in German Naval Shipbuilding 15 6 Rescue and Company Restructuring Plans 16 Two thirds of shipbuilding jobs destroyed in the last twelve years 16 7 Employment Market and Shipyards 17 8 Shipbuilding s Image 18 9 Main problems as seen by the Works Councils Political Demands of the Works Councils 19 Appendix 20 References 24

6

7 IAW Arbeitspapier X Employment, Order Books, Perspectives Results of Survey carried out in Works Councils in September 2002 For the eleventh time IG Metall Küste (German Metalworkers union Coastal Region) and the Bremen University (Institute Labour and Economy) have carried out a survey on the employment situation and prospects in the German shipbuilding sector. Thirty-eight works councils/ yards took part, representing a total of 21,796 employees (as of 01 September 2002) or roughly 96% of the total German shipbuilding workforce. Not all questions were answered by all works councils/yards, as is noted accordingly. 2 Results in Detail Slight increase in Employment but with risks Compared to 2001, the employment situation in 2002 has seen an initial slight improvement. As in the previous year, there was again an increase in the number of jobs (+ 675) as opposed to the considerably lower works council predictions for 2001/ 2002 (+ 27). This development, however, is subject to several limiting factors. 813 jobs are in acute danger due to insolvency procedures with highly uncertain outcomes. It is still unclear to what extent the much lower than average number of new orders will affect employment in the next year. In addition, increases in the number of jobs were recorded almost exclusively in the yards in the western part of Germany. Twelve yards reported considerable increases in employment, with 780 new jobs in total. In the other 15 yards (29 responded on this question) there were no new jobs. In view of these risks and trends, we can come to the general conclusion that the employment situation in the German yards is currently stable but subject to substantial risks in the near future.

8 Tab.1: Employment Trend 2001/2002 Employees Trend Absolute in % All yards ,1 % Yards in East Germany ,08 % Yards in West Germany ,0 % In spite of 100% capacity utilisation in the last year, the East German yards were still unable to expand their workforces, with an increase of only 4 jobs or 0.08% being reported compared to autumn The negative effects of unchanged capacity limitations have become evident. In the west, on the other hand, 671 more workers are in employment than in the previous year (+4%). 3 Global and Political Factors 3.1 World Shipbuilding Markets The world shipbuilding market is currently in recession. The events of September , together with negative global economic data, have led to a decline in demand. In June 2002, there was a 23.7% decrease worldwide in orders for new vessels as compared to the same month of the previous year (ISL 2002a, 54). This applied especially to oil tankers, container ships and cruise vessels. Since Korea and the EU have a particularly strong position in these sectors, their share of the total market dropped (EU 2002, 3). This is compounded by the fact that prices in shipbuilding worldwide have remained low. The drastic collapse in prices following the Asian crisis of 1997/98 may have been compensated for partly by a boom in orders in 2000, but this trend was reversed in Average prices for all types of new vessels in June 2002 were about 8% lower than one year earlier (Clarkson 2002, 8). A consideration of the last fifteen years shows that the price level in 2001 was only about 20% higher than in 1987, which means, for example, that prices did not even keep pace with inflation (EU 2002, 13). The reasons for this are the recessionary global shipbuilding market and the aggressive capacity expansion and pricing policies of the Korean yards.

9 IAW Arbeitspapier X German government aid for shipbuilding within the framework of the EU policy on South Korea On June a compromise was reached in the EU Council of Ministers for Industry in Luxemburg between the Commission and the majority of EU states on an effective strategy to deal with the Korean problem. This compromise covers two main points: 1. In the event of the failure of renewed talks between the European Commission and the South Korean government on the abolition of price dumping, legal action will be taken at the WTO, at the latest by October In the event of further infringements, individual EU member states are entitled to grant aid of up to 6% on container ships, product and chemical tankers as well as gas tankers in the period from October 2002 to March On June the German federal government approved grants amounting to 24 million for shipbuilding aid. By releasing these funds, which are to be co-financed according to the normally practised shipbuilding aid model in a one third/two thirds ratio (i.e. 48 million) by the five coastal federal states (Lower Saxony, Bremen, Hamburg, Schleswig-Holstein, and Mecklenburg- Vorpommern) the federal government hopes to support orders amounting to a total of 1.2 billion, which would be about 40% of the annual German shipbuilding volume. It remains to be seen, however, if these aids will be sufficient in view of the current 20 % increase in price dumping by the Koreans. Special developments at specific yards in 2001/2002 Capacity restrictions at East German yards: In the 1990s the yards in Mecklenburg- Vorpommern received a large amount of state investment aid to enable the creation of modern, competitive and productive shipbuilding businesses. To make up for this, the EU imposed an annual capacity limitation of 327,000 cgt (compensated gross tonnage) until the end of Originally intended to balance out the disadvantages for other EU competitors resulting from state support of the modernised East German yards, this restriction has now become a serious obstacle to competitiveness. For example, some orders cannot be fulfilled and have to be transferred to other locations. These capacity restrictions have also led to the danger of part-time work or even redundancies. Importance of suppliers: about 70% of the total value of modern shipbuilding is accounted for by the supply industry. With a workforce in Germany of about 70,000, it is approximately three times as big as the shipbuilding industry itself. It is, of course, concentrated in the north German coastal states, but also includes 44% in Bavaria, Baden-Württemberg and North Rhine Westphalia. Mainly medium-sized, these enterprises depend for two-thirds of their business on export. And about half of this goes to Japan, Korea and in the meantime also

10 China. But Korean suppliers are also making inroads into these markets by franchise arrangements with top-of-the-range European suppliers. However cooperation between yards and suppliers is greatly in need of improvement, which means that the competitiveness of German yards is limited. Thyssen Nordseewerke shipyard in Emden and the Lürssen yard in Lemwerder are currently developing, with the help of a federal grant, software that will help to make relations between yards and suppliers more transparent. Wyser-Pratte is suing Babcock executives und TUI: Guy Wyser-Pratte, a US major shareholder, has filed a 15 million suit with a New York court in the wake of insolvency proceedings at the HDW parent company, Babcock-Borsig AG, Oberhausen. One of the bones of contention is the controversial sale of HDW to the financing company OEP-One Equity Partner (which in turn is financed by the Bank One Corporation in Chicago). The suit has been filed among others against the former Babcock CEO Klaus Lederer, the supervisory board chairman Friedel Neuber, the TUI concern (formerly Pruessag) and OEP as new owner of HDW. Following further accusations by Wyser-Pratt and the German Shareholders Association, the Düsseldorf Public Prosecutor is investigating charges of embezzlement and fraudulent bankruptcy against Lederer. The kern of the matter is the claim that Lederer deliberately provoked the Babcock insolvency by selling the HDW majority share. Lederer resigned as Babcock CEO after the transaction and is now in charge of HDW. Another aspect of these developments is the fear that this move was in fact a covert takeover by the US armaments conglomerate General Dynamics. For both the OEP parent company, Bank One Corporation, and General Dynamics are in the hands of the Chicago family Crown. Industrial Cooperation strengthens the yards: In July of this year a consortium of STN Atlas Eletronik, EADS as well as the Lürssen and Abeking & Rasmussen yards secured a major development contract worth 34.9 million for a sophisticated minesweeping system. Cooperation at east German yards: The Aker MTW location Wismar and the Kvaerner location Warnemünde are planning on future cooperation which could go as far as a merger as one shipbuilding company. Problems at the SSW yard in Bremerhaven: The SSW yard in Bremerhaven, which survived from the Vulkan concern, is in a precarious situation in spite of the completion of two highly modern ferries, a major contract for five container vessels, a subcontract with the Meyer yard in Papenburg (sections of a new ferry for Brittany Ferries) and, for P & O Stena, the planned conversion into passenger ferries of two freight ferries built at SSW some ten years ago. The present situation is reportedly due to miss-calculated orders, management errors and the drop in prices on the world shipbuilding market.

11 IAW Arbeitspapier X As a first step, Bremerhaven s Lloyd yard has taken over the management at SSW with a view to developing a feasible concept for a united Bremerhaven solution to be approved of by the banks. Meanwhile this shipyard is insolvent. Flender yard in Lübeck und Schlömer yard in Leer insolvent: The Flender yard in Lübeck with a current workforce of 799 is at present in the middle of insolvency procedures. A rescue attempt may be launched in October of this year. The Schlömer yard in Leer with a payroll of 14 at present will probably close its gates for good in November. 4 Orders for German yards September 2001 August 2002 After an extremely good year in 2000 with many high priority orders, the situation in 2001 was much quieter. A further drop since autumn 2001 can only be described as a drastic collapse. The events of September 11 have led this year to a paralysis in the market for cruise vessels also worldwide although prospects for 2003 in this sector seem considerably better. The market for container vessels is still suffering from ever-increasing over-capacities. Tab. 2: Orders for German Yards [September 2001 August 2002] Container Vessels Number Yard Commissioned by tdw TEU 2 Kvaerner Warnow Werft MPC Hamburg-Süd Sietas Heinrich/Holwerda Sietas P. Döhle, Hamburg Passenger Ships, Yachts, Ferries, Ro-Ro-Freighters Number Yard Commissioned by Type of Vessel 2 Flensburger Schiffbau DFDS Tor Line Ro-Ro-Frachter 1 Meyer, Papenburg Brittany Ferries Cruise Ferry 1 Blohm + Voss 145m-Yacht 1 Cassens Deutscher Eigner Cruise Ship 2 Lürssen Up to 120m-Yachts 1 Peters AG 60m-Yacht 1 Abeking & Rasmussen 45m-Yacht

12 Others Number Yard Commissioned by Type of Vessel 2 Volkswerft Stralsund Maersk Supply Services AH/Supply vessels 1 Kröger, Rendsburg Mecklenburg-Vorpomm. Research vessel 94m 1 Fassmer BSH, Hamburg Research vessel 43m 1 Fassmer Bundesamt für Landw. Fishery protection 1 SET Tangermünde Hadag, Hamburg Harbour ferry 1 SSB Oortkaten Hadag, Hamburg Harbour ferry Source: ISL Newbuilding Contracts, August 2002 (ISL 2002b) To summarise: in the period from September 2001 August 2002 German yards only managed to secure new orders for two medium-sized container vessels, four feeders, one ferry, two RoRo-freighters, and a few yachts and smaller vessels. The high employment level until then was only a result of the completion of orders from previous years. Slight drop in 2002 in the number of hours worked According to current planning for 2002 the number of production hours will be 21,096,895 as opposed to 22,667,748 in 2001 (a drop of 1,570,853 hours or 6.9 %). The ratio of hours spent on new vessels versus repair and other contracts has also seen a slight shift towards repairs, so that the new orders from the years 2000 and 2001 will soon be completed. In this way the cushion of better years will soon be used up, unless a substantial number of new orders are secured soon possibly with the help of government aid or a boost in the (world) economy. 4.1 Future Employment Prospects The approaching difficult period has also been considered by the works councils, who expect a total of 216 redundancies in the next twelve months (not including the Flender and Schlömer shipyards). Alarming is the fact that in Mecklenburg-Vorpommern, where there is already an extremely low level of employment, a further loss of 150 jobs (about 3%) is foreseen.

13 IAW Arbeitspapier X Tab. 3: Employment Prospects 2002/2003 Employees Trend Absolute In % All Yards ,0 East Germany ,0 West Germany ,4 Universität Bremen, IAW- IG Metall Küste Capacity Utilisation in German Shipbuilding After an increase in 2001 (98,4 %), capacity utilisation this year has dropped to 92,0 %. 17 of a total of 30 yards who responded to this question report full capacity utilisation, including all the yards in Mecklenburg-Vorpommern. Among the yards that did not respond are also those, which are in the middle of insolvency procedures. Part-time work has played a relatively minor role so far this year. Only four yards had agreed on part-time work, and even here only in specific departments. Forecasts for the coming year (2003) only see an utilisation of 78.5%, and for 2004 as little as 60%, albeit based on today s order books and knowledge.

14 Tab. 4: Capacity Utilisation in the Current and Following Year Current Year Following Year All Yards 95,3 92,0 98,6 96,6 98,4 92,0 81,9 84,6 74,3 76,8 77,6 78,5 East Germany 94,2 94,2 98,8 96, ,7 94,0 66,3 92,8 82,5 79,0 West Germany 95,6 91,4 98,6 97,1 98,9 90,2 82,0 82,0 77,4 73,7 75,8 78,4 Universität Bremen, IAW - IG Metall Küste Overtime In the 25 yards, which supplied data on overtime, 1.43 million hours of supplementary work was done in This averages at 88 hours overtime per employee at the respective yards. Based on an annual workload of 1,480 hours, this overtime volume corresponds roughly to 965 potential new jobs (5.8% of the workforce in the 25 yards). 22 of the yards also provided figures for the year In that year, the total was higher than 2001 at 1.46 million hours in only 22 yards the year 2000 was also the peak of the boom in new orders. The number of employees was also lower at 20,668 as compared to 21,121 in This means that overtime was partly replaced by new jobs, thus fulfilling to a certain extent the demands of the union IG Metall. On the whole, the amount of overtime worked is much lower than in the mid-nineties. Six years ago a shipyard worker worked on average 103 hours overtime as opposed to 88 in A lot of the overtime hours are not remunerated in cash, but by extra holidays. This is also a clear reflection of IG Metall s and the works councils policy of securing employment by redistributing labour. The last few years have seen an increase in the number of works agreements, which provide for compensation for overtime by extra free time (work accounts). In times of an improved economy, this has proved especially effective in securing jobs. 5 Naval Shipbuilding 5.1 European Naval Shipbuilding About two dozen European yards are active in naval shipbuilding (IG Metall 2001, 65 ff.). The capacity utilisation at the leading European naval yards at the beginning of the new century is much better than in the nineties. New national purchasing programmes as well as increased demand from overseas means that some naval yards are fully booked for several

15 IAW Arbeitspapier X years. This effect has been enhanced by the ESDP - European Security and Defence Policy, which will also have a considerable impact on naval shipbuilding. Since August 2002, however, the financing of this project has become uncertain as some countries (Germany and Austria in particular) are redirecting some of the planned military expenditure to the alleviation of flood damage. We also have to assume that against the background of the expected long-term demand, there are also overcapacities in European naval shipbuilding. The ten largest shipyards in Europe (DCN, Fincantieri, Izar, HDW/Kockums, TKW, BAe Systems et al.) together account for about 75% of military shipbuilding in Western Europe. An estimated thirty-five to forty thousand jobs are linked either directly or indirectly to military commissions. And so, European naval shipbuilding volume amounts to about 70% of US naval construction. However relations between the two are not only competitive but also cooperative as demonstrated by the sale of the HDW naval shipbuilding yard in Kiel to the American Investor, One Equity Partners (OEP) in The most notable aspect of naval shipbuilding in Germany as opposed to other countries of the EU is the integration civilian and military production within the yards concerned, which in many respects can lead to synergetic effects. Of the 38 yards in Germany, 10 are also involved in military construction. For these yards, the proportion of military production is of prime importance for sustained capacity utilisation, employment and profitability. A total of about 5,000 shipyard workers or a quarter of the complete workforce are involved in the construction or repair of navy vessels. 5.2 Cooperation in German Naval Shipbuilding At the beginning of this year the three major naval shipbuilders in Germany, HDW in Kiel, Blohm und Voss in Hamburg and the Thyssen Nordsee-Werke in Emden agreed on a cooperation in naval shipbuilding. But the contracts do not come into effect until ThyssenKrupp (the owner of Blohm und Voss and the Nordsee-Werke) gains a shareholding in HDW. The new owner One Equity Partner from America has offered ThyssenKrupp and Ferrostaal a 15 per cent stake each. In this connection, it remains to be seen what role merchant shipping will play at HDW in future.

16 6 Rescue and Company Restructuring Plans The 1990s saw the creation of rescue companies in many shipyards, for example in east Germany, in the companies of the former Vulkan concern, at HDW in Kiel and in 2000 also at the Peterswerft and Husumer Werft. This tool has well served its purpose in the shipbuilding crisis and made a valuable contribution to the avoidance of redundancies and unemployment. In many instances, a survival solution would not have been found without them. In other cases, they eased the change to new trades and professions, thus promoting structural change on a larger scale. Negotiations are currently taking place on the establishment of a rescue organisation for the Flender yard in Lübeck. Two thirds of shipbuilding jobs destroyed in the last twelve years The 1990s did not bring the boom to German shipyards as expected by many company planners. For the workers, at least, it went by unnoticed. During a twelve-year period, almost two thirds of all jobs were lost, with a wide gap between the developments in east and West Germany. In autumn 2002, the employment level in Mecklenburg-Vorpommern was about 84% below the level recorded at the time of German reunification. Four out of five shipyard workers lost their jobs. But workforces in the west were also affected, with nearly every second employee (41.2%) being made redundant in the same period. The stabilisation and positive employment development of the last three years could only slightly correct the enduring downward trend, and in view of the current lack of orders, further redundancies seem inevitable. Tab. 5: Employment Trends in the 1990s Employees Trend Absolute In% All Yards ,2% East German Yards ,8% West German Yards ,3% Universität Bremen, IAW - IG Metall Küste 2002

17 IAW Arbeitspapier X Employment Market and Shipyards Between September 2001 and September 2002 the German yards gave employment to a total of 780 new workers (based on responses from 31 yards). The average fluctuation rate, i.e. the ratio of new employees to the workforce as a whole was 4.1% in the yards concerned. There are considerable differences from yard to yard. In some it is 0% (2 yards), which means that no new jobs were created in the last twelve months. In others it is more than 5% with the top rate being 15%. The need for workers is significantly higher than the figures in the employment trends suggest. Even though there is high unemployment, the yards still find it difficult to fill vacancies and find sufficient numbers of qualified and skilled workers. 12 works councils stated that their organisations had problems filling vacancies. 16 companies had no problems in this respect 1. The lack of sufficiently qualified skilled workers and the reluctance to work in a shipyard has become a serious problem for the German shipbuilding industry. There is a demand for skilled workers with specific qualifications (shipwrights, welders) as well as skilled workers with more general qualifications. But there is also an increasing shortage of professionals. Ship designers and engineers are in urgent demand (c.f. Table 2 in the Appendix). There are many reasons for this and they are to be found in the yards themselves as well as in the employment market as a whole. The assessments and experience of the works councils sends out a clear message. They see considerable problems in the employment market. There are just not enough qualified applicants. Production peaks are also a great problem and the labour offices are simply not able to provide the workers necessary (Table A2 in the Appendix) shipyards responded to this question

18 8 Shipbuilding s Image The shipbuilding image the picture people have of shipbuilding plays an important role in the recruitment of qualified workers. After more than two decades of decline, job prospects are seen in a rather negative light. Unsafe jobs, old equipment and permanent subsidies are the ideas associated with the industry. Today s reality is quite different. New technologies, computer assisted production and networked IT are being used more and more in shipbuilding. Shipping will become increasingly important in the future, highly skilled workers will be needed. For three years the shipyards have been creating new jobs. But of course it is a difficult task to overcome this negative image, especially since the employment achievements of the last three years are now seriously threatened. In the view of the works councils, it is now the job of politicians and companies to take urgent steps to improve the image and position of the marine industries. The media should present shipbuilding less as a crisis-hit industry. Instead they should focus more on the restructuring, modernisation and increased productivity that has been achieved. The future of shipping has to be strengthened. 9 Main problems as seen by the Works Councils Apart from specific internal company problems, the works councils (22 responses) see the major problems as follows: low demand on the world shipbuilding market declining prices on the world shipbuilding market unfair competition through Korean price dumping abolition of the anachronistic capacity restrictions in east Germany which endanger jobs and locations reliable budgeting in the area of military shipbuilding.

19 IAW Arbeitspapier X Political Demands of the Works Councils A lot is expected of the government s Marine Coordinator, whose job it also is to protect and enforce German interests in Brussels. 31 works councils (100% of those who commented on this question) would insist on the continuation of the Marine Coordinator s work after the general election in September. According to 30 works councils (31 responses) the 6 % shipbuilding aid planned by the government in the budget for 2003 should be continued into In addition, this aid should be available for all types of vessel. All north German federal states should also strive to reach the maximum rate in the federal financing model (1/3 federal responsibility, 2/3 individual state). This, of course, depends on new orders being secured. The federal government is called on to invite tenders on its own commissions at cost-covering price. At present, federal government orders are only cost-covering if done in cooperation with yards and suppliers from cheap-labour countries overseas. All works councils who commented on it are in favour of the possible legal action by the EU Commission at the WTO (at the earliest on 01 October, 2002) against the pricedumping policy of South Korea. A delay of this action would mean a considerably higher risk of lack of orders.

20 Appendix

21 IAW Arbeitspapier X Tab. A1: Company Structures in German Shipbuilding Name of Yard Location Employees Concern Babcock/Preussag HDW Kiel Kiel HDW Nobiskrug Rendsburg Thyssen Werften GmbH 3 Blohm & Voss GmbH Hamburg Blohm & Voss Repair Gmbh Hamburg Thyssen Nordseewerke Emden Hegemann 6 Hegemann Rolandwerft Berne Hegemann Peene Werft Wolgast Kvaerner 8 Kvaerner-Warnow-Werft Rostock Aker Gruppe Norwegen 9 Aker MTW Wismar AP Moeller Dänemark 10 Volkswerft Stralsund Stralsund Medium-sized independent yards 11 Johs. L. Meyer Papenburg Neptun Werft /NIR Rostock J.J. Sietas KG( + Norderwerft) Hamburg Flender Werft Lübeck Flensburger Schiffbau Ges. Flensburg Lürssen Gruppe Fr. Lürssen Werft (+ Schweers Bardenfleht) Kröger Werft GmbH & CoKG Bremen/Bremerhaven locations of the former Vulkan concern Bremen Rendsburg Bremer Vulkan Werft Bremen SSW Fähr-u.Spezialschiffbau GmbH Bremerhaven

22 20 Lloyd Werft Bremerhaven Small Yards 21 Abeking u. Rasmussen Lemwerder Paul. Lindenau Kiel Husumer Dock u. Reparatur Husum Fassmer Werft Berne Peters Schiffbau AG Wewelsfleth MWB Motoren u. Anlagen Bremerhaven J.G. Hitzler Lauenburg Cassens GmbH Emden Maschinenfabrik Lübeck Lübeck Elsflether Werft Elsfleth Neue Jade Werft Wilhelmshaven Mützelfeldwerft Cuxhaven BREDO Bremerhaven Rickmers Dock Bremerhaven MAN B+W Hamburg Schlömer Werft Con-Mar-Ing.technik (MWB) Brake Schiffswerft Diedrich Oldersum Elbewerft Boizenburg Boizenburg Brandwerft GmbH & Co KGi Oldenburg Total Universität Bremen, IAW - IG Metall Küste 2002

23 IAW Arbeitspapier X Tab. A2: Problems Filling Vacancies Yard (anonymous) Field/Qualification/Professions What were the reasons? 1 2 Manual workers Engineer, Machinist, Shipwright, Foreign Correspondent/Secretary. Not available in the north Temporary employment, Outsourcing (AÜG) 3 Submarine trial crew, marine engineers Specialist qualification 4 Engineers Not enough available 5 Engineers High capacity utilisation in north German yards 6 Shipwrights Lack of skilled workers 7 Designers Qualifications 8 Marine engineers, machine engineers Lack of professional experience 9 Graduate engineers Financial and other reasons 10 Designers 11 Shipwrights, welders Lack of qualified staff/ apprentices 12 Shipwrights, engineers, metal workers None available Universität Bremen, IAW IG Metall Küste 2002

24 References IG Metall Bezirk Küste, Universität Bremen Institut Arbeit und Wirtschaft 2002: Beschäftigung, Auftragslage, Perspektiven im deutschen Schiffbau; Umfrage, Hamburg/Bremen 2002 Clarkson 2002: World Shipyard Monitor, Volume 9, No. 7, London, July (Clarkson Research Studies) EU 2002: Fünfter Bericht der Kommission an den Rat: Zur Lage des Weltmarktes im Schiffbausektor, , Brüssel IG Metall 2001: Texte und Materialien zur gewerkschaftlichen und sicherheitspolitischen Diskussion, Frankfurt/M Juli IG Metall-Bezirk Küste; Institut Arbeit und Wirtschaft der Universität Bremen: Jährliche Befragungen deutscher Werften, ISL 2002a: Shipping Statistics and Market Review (SSMR), No. 6, June 2002, ed. by Institut für Seeverkehrswirtschaft und Logistik, Bremen ISL 2002b: Shipping Statistics and Market Review (SSMR), No. 7/8, July/August 2002, ed. by Institut für Seeverkehrswirtschaft und Logistik, Bremen

Long Term Trends in Shipbuilding HVB Press Conference. 20 th September 2006 Stephen Gordon, Clarkson Research

Long Term Trends in Shipbuilding HVB Press Conference. 20 th September 2006 Stephen Gordon, Clarkson Research Long Term Trends in Shipbuilding HVB Press Conference 20 th September 2006 Stephen Gordon, Clarkson Research Introduction Background to Shipbuilding Investment The Current Orderbook The Product Mix Regional

More information

IndustriALL Global Union World Conference on Shipbuilding-Shipbreaking

IndustriALL Global Union World Conference on Shipbuilding-Shipbreaking IG Metall Küste/Agentur für Struktur- und Personalentwicklung GmbH Heino Bade/Thorsten Ludwig IndustriALL Global Union World Conference on Shipbuilding-Shipbreaking Section 2: Organizing and Fighting against

More information

Survey on Employment in European Shipbuilding Countries. - Selected Results -

Survey on Employment in European Shipbuilding Countries. - Selected Results - AgS-Monitoring Shipbuilding Survey on Employment in European Shipbuilding Countries - Selected Results - Sector Committee Shipbuilding Thorsten Ludwig Industry Related Developments 2004-2014 3 yards closed

More information

Survey on Employment in European Shipbuilding Countries. - Selected Results -

Survey on Employment in European Shipbuilding Countries. - Selected Results - AgS-Monitoring Shipbuilding Survey on Employment in European Shipbuilding Countries - Selected Results - Sector Committee Shipbuilding 04.05.2015 - Brussels Thorsten Ludwig Industry Related Developments

More information

SHIP MANAGEMENT SURVEY. July December 2017

SHIP MANAGEMENT SURVEY. July December 2017 SHIP MANAGEMENT SURVEY July December 2017 INTRODUCTION The Ship Management Survey is conducted by the Statistics Department of the Central Bank of Cyprus and concentrates primarily on transactions between

More information

BREA. Contribution of Cruise Tourism to the Economies of Europe 2011 Country Report Germany. The European Cruise Council.

BREA. Contribution of Cruise Tourism to the Economies of Europe 2011 Country Report Germany. The European Cruise Council. BREA Business Research Economic Advisors Contribution of Cruise Tourism to the Economies of Europe 2011 Country Report Prepared for The European Cruise Council July 2012 participates in all aspects of

More information

WORLD PASSENGER AND PASSENGER CARGO FLEET DEVELOPMENT / THE ISL CRUISE FLEET

WORLD PASSENGER AND PASSENGER CARGO FLEET DEVELOPMENT / THE ISL CRUISE FLEET WORLD PASSENGER AND PASSENGER CARGO FLEET DEVELOPMENT / THE ISL CRUISE FLEET REGISTER At the beginning of 2004, the total passenger fleet for ships of 300 gt and over was composed of 3,960 ships totalling

More information

BRIESE Schiffahrts GmbH &Co KG Research Department

BRIESE Schiffahrts GmbH &Co KG Research Department 14.05.-15.05.2009 ERVO 2009 1 Firmengebäude der Reederei Briese BRIESE Company located in Leer with 140 employees taking care for 83 own vessels plus 65 vessels in chartering and / or crewing. 2 3 4 Offshore-Projects

More information

GROUP ULJANIK PLOVIDBA CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR THE PERIOD JANUARY - DECEMBER 2014

GROUP ULJANIK PLOVIDBA CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR THE PERIOD JANUARY - DECEMBER 2014 GROUP ULJANIK PLOVIDBA CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR THE PERIOD JANUARY - DECEMBER 2014 Pula, April 2015 CONTENT: Consolidated audited Financial Statements of GROUP ULJANIK PLOVIDBA with

More information

COMMISSION OF THE EUROPEAN COMMUNITIES COMMUNICATION FROM THE COMMISSION. Developing an EU civil aviation policy towards Brazil

COMMISSION OF THE EUROPEAN COMMUNITIES COMMUNICATION FROM THE COMMISSION. Developing an EU civil aviation policy towards Brazil COMMISSION OF THE EUROPEAN COMMUNITIES Brussels, 5.5.2010 COM(2010)210 final COMMUNICATION FROM THE COMMISSION Developing an EU civil aviation policy towards Brazil COMMUNICATION FROM THE COMMISSION Developing

More information

IATA ECONOMIC BRIEFING DECEMBER 2008

IATA ECONOMIC BRIEFING DECEMBER 2008 ECONOMIC BRIEFING DECEMBER 28 THE IMPACT OF RECESSION ON AIR TRAFFIC VOLUMES Recession is now forecast for North America, Europe and Japan late this year and into 29. The last major downturn in air traffic,

More information

Domestic, U.S. and Overseas Travel to Canada

Domestic, U.S. and Overseas Travel to Canada Domestic, U.S. and Overseas Travel to Canada Short-Term Markets Outlook Second Quarter 2007 / Executive Summary Prepared for: The Canadian Tourism Commission (CTC) By: February 2007 www.canada.travel Background

More information

Update on STX France. October, 2017

Update on STX France. October, 2017 Update on STX France October, 2017 Framework agreement between the Italian and French governments Overview The French and Italian Governments have reached an agreement aimed at facilitating the creation

More information

Annual General Meeting. 13 June 2017

Annual General Meeting. 13 June 2017 Annual General Meeting 13 June 2017 Agenda 1. Approval of the Annual Report of the financial year 2016 of AS Tallink Grupp 2. Proposal on distribution of profits 3. Extension of authorities of the members

More information

WÄRTSILÄ CORPORATION INTERIM REPORT JANUARY-SEPTEMBER October 2017 Jaakko Eskola, President & CEO. Wärtsilä PUBLIC

WÄRTSILÄ CORPORATION INTERIM REPORT JANUARY-SEPTEMBER October 2017 Jaakko Eskola, President & CEO. Wärtsilä PUBLIC WÄRTSILÄ CORPORATION INTERIM REPORT JANUARY-SEPTEMBER 217 25 October 217 Jaakko Eskola, President & CEO 1 Wärtsilä PUBLIC 25 October 217 Q3 Result presentation 217 Highlights Q3/217 Order intake EUR 1,354

More information

WÄRTSILÄ CORPORATION INTERIM REPORT JANUARY-SEPTEMBER October 2016 Jaakko Eskola, President & CEO. Wärtsilä PUBLIC

WÄRTSILÄ CORPORATION INTERIM REPORT JANUARY-SEPTEMBER October 2016 Jaakko Eskola, President & CEO. Wärtsilä PUBLIC WÄRTSILÄ CORPORATION INTERIM REPORT JANUARY-SEPTEMBER 216 25 October 216 Jaakko Eskola, President & CEO 1 Wärtsilä PUBLIC 25 October 216 Q3 result presentation Highlights Q3/216 Order intake EUR 1,139

More information

Concrete Visions for a Multi-Level Governance, 7-8 December Paper for the Workshop Local Governance in a Global Era In Search of

Concrete Visions for a Multi-Level Governance, 7-8 December Paper for the Workshop Local Governance in a Global Era In Search of Paper for the Workshop Local Governance in a Global Era In Search of Concrete Visions for a Multi-Level Governance, 7-8 December 2001 None of these papers should be cited without the author s permission.

More information

2013/14 Pre-Budget Submission Accommodation Association of Australia

2013/14 Pre-Budget Submission Accommodation Association of Australia 2013/14 Pre-Budget Submission Accommodation Association of Australia Accommodation Association of Australia Principal Contact Mr Richard Munro Chief Executive Officer Phone: +61 2 8666 9015 EXECUTIVE SUMMARY

More information

Airbus. Tom Enders Airbus. 15 & 16 December 2011

Airbus. Tom Enders Airbus. 15 & 16 December 2011 Airbus Tom Enders Airbus Global Investor Forum Global Investor Forum 15 & 16 December 2011 Safe Harbour Statement 2 Disclaimer This presentation includes forward-looking statements. Words such as anticipates,

More information

Inbound Tourism Prague, 2014 Overall Assessment

Inbound Tourism Prague, 2014 Overall Assessment Inbound Tourism Prague, 2014 Overall Assessment Facts and Figures: Total visitors: 6,096,015 foreign: 5,315,054 (87.2%) domestic: 780,961 (12.8%) Total visitor growth in Prague: 3.3% foreign growth: 5.3%

More information

Mood of the Nation New Zealanders' perceptions of international visitors. March 2018

Mood of the Nation New Zealanders' perceptions of international visitors. March 2018 Mood of the Nation New Zealanders' perceptions of international visitors March 2018 Contents 1 Background and approach 3 2 Key insights 6 3 Detailed insights 10 4 Appendix: measures by region 31 2 1 Background

More information

Selected first results of the 48th Reiseanalyse for ITB 2018

Selected first results of the 48th Reiseanalyse for ITB 2018 Selected first results of the 48th Reiseanalyse for ITB 2018 FUR Forschungsgemeinschaft Urlaub und Reisen e.v. Fleethörn 23 D - 24103 Kiel Germany Tel.: +49 (0) 431-88 88 800 Fax: +49 (0) 431-88 88 679

More information

The Global Competitiveness of the U.S. Aviation Industry: Addressing Competition Issues to Maintain U.S. leadership in the Aerospace Market

The Global Competitiveness of the U.S. Aviation Industry: Addressing Competition Issues to Maintain U.S. leadership in the Aerospace Market 121 North Henry Street Alexandria, VA 22314-2903 T: 703 739 9543 F: 703 739 9488 arsa@arsa.org www.arsa.org The Global Competitiveness of the U.S. Aviation Industry: Addressing Competition Issues to Maintain

More information

REAUTHORISATION OF THE ALLIANCE BETWEEN AIR NEW ZEALAND AND CATHAY PACIFIC

REAUTHORISATION OF THE ALLIANCE BETWEEN AIR NEW ZEALAND AND CATHAY PACIFIC Chair Cabinet Economic Growth and Infrastructure Committee Office of the Minister of Transport REAUTHORISATION OF THE ALLIANCE BETWEEN AIR NEW ZEALAND AND CATHAY PACIFIC Proposal 1. I propose that the

More information

SOCIAL ASPECTS OF SHIP REPAIR SECTOR IN POLAND

SOCIAL ASPECTS OF SHIP REPAIR SECTOR IN POLAND National Section of Shipbuilding Industry of Independent Self-governing Trade Union SOCIAL ASPECTS OF SHIP REPAIR SECTOR IN POLAND Mirosław Piórek Chairman of NSZZ Solidarność Gdańsk Shiprepair Yard Remontowa

More information

DEFENCE - MAXIMISING OPPORTUNITIES

DEFENCE - MAXIMISING OPPORTUNITIES DEFENCE - MAXIMISING OPPORTUNITIES A STRONG PLAN FOR REAL CHANGE 1 We re ready. Over the last four years, we ve been working hard developing our vision for the future of South Australia. Not just policies,

More information

2014/15 Pre-Budget Submission Accommodation Association of Australia

2014/15 Pre-Budget Submission Accommodation Association of Australia 2014/15 Pre-Budget Submission Accommodation Association of Australia Accommodation Association of Australia Principal Contact Mr Richard Munro Chief Executive Officer Phone: +61 2 8666 9015 EXECUTIVE SUMMARY

More information

WÄRTSILÄ CORPORATION RESULT PRESENTATION January 2017 Jaakko Eskola, President & CEO. Wärtsilä PUBLIC

WÄRTSILÄ CORPORATION RESULT PRESENTATION January 2017 Jaakko Eskola, President & CEO. Wärtsilä PUBLIC WÄRTSILÄ CORPORATION RESULT PRESENTATION 216 27 January 217 Jaakko Eskola, President & CEO 1 Wärtsilä PUBLIC 27 January 217 Result presentation 216 Highlights 216 Order intake stable at EUR 4,927 million

More information

Civil Aircraft Sources: European Commission, Tyson, Irwin-Pavcnik, NYTimes

Civil Aircraft Sources: European Commission, Tyson, Irwin-Pavcnik, NYTimes Civil Aircraft Sources: European Commission, Tyson, Irwin-Pavcnik, NYTimes The civil aircraft industry is mainly concentrated in the EU and in the United States. The Large Civil Aircraft (LCA -- planes

More information

The promotion of tourism in Wales

The promotion of tourism in Wales The promotion of tourism in Wales AN OUTLINE OF THE POTENTIAL ADVANTAGES AND DISADVANTAGES OF ADVANCING CLOCKS BY AN ADDITIONAL HOUR IN SUMMER AND WINTER Dr. Mayer Hillman Senior Fellow Emeritus, Policy

More information

WÄRTSILÄ CORPORATION RESULT PRESENTATION JANUARY Björn Rosengren, President & CEO. Wärtsilä

WÄRTSILÄ CORPORATION RESULT PRESENTATION JANUARY Björn Rosengren, President & CEO. Wärtsilä WÄRTSILÄ CORPORATION RESULT PRESENTATION 2014 29 JANUARY 2015 Björn Rosengren, President & CEO Wärtsilä Highlights 2014 good performance in challenging markets Order intake EUR 5,084 million, +5% Net sales

More information

P R E S S R E L E A S E

P R E S S R E L E A S E Strategy successfully confirmed: operating profit up by 10.2% Bremen, 14 April 2015 +++ The EUROGATE Group can look back on a successful business performance in 2014. The Company increased operating profit

More information

DFDS A/S H Analyst meeting 30 August 2006

DFDS A/S H Analyst meeting 30 August 2006 DFDS A/S H1 2006 Analyst meeting 30 August 2006 DFDS A/S Contents The half-year in brief Strategy on track DFDS Seaways DFDS Tor Line Half-year accounts & profit forecast 2006 DFDS A/S H1 2006 in brief

More information

The Austrian Federal Economic Chamber. Representing the Interests of Business

The Austrian Federal Economic Chamber. Representing the Interests of Business The Austrian Federal Economic Chamber Representing the Interests of Business Basic Organisational Structure of the Chamber The Austrian Chambers of Commerce represent the interests of business, promote

More information

Interim Report 6m 2014

Interim Report 6m 2014 August 11, 2014 Interim Report 6m 2014 Investors and Analysts Conference Call on August 11, 2014 Joachim Müller, CFO Latest ad-hoc release (August 4, 2014) Reduction of forecast, primarily due to a further

More information

Bilfinger Berger: Preliminary Report on the 2004 Financial Year

Bilfinger Berger: Preliminary Report on the 2004 Financial Year Bilfinger Berger AG Carl-Reiss-Platz 1-5 68165 Mannheim Germany www.bilfingerberger.com Contact: Sascha Bamberger Phone: +49 6 21/4 59-24 55 Fax: +49 6 21/4 59-25 00 E-mail: sbam@bilfinger.de Date: February

More information

HK GAAP RESULTS RELEASE 25 February 2008 STAR CRUISES GROUP ANNOUNCES FOURTH QUARTER AND FULL YEAR RESULTS FOR 2007

HK GAAP RESULTS RELEASE 25 February 2008 STAR CRUISES GROUP ANNOUNCES FOURTH QUARTER AND FULL YEAR RESULTS FOR 2007 HK GAAP RESULTS RELEASE 25 February 2008 FOR IMMEDIATE RELEASE INTERNATIONAL STAR CRUISES GROUP ANNOUNCES FOURTH QUARTER AND FULL YEAR RESULTS FOR 2007 Key points for the quarter in comparison with 4Q

More information

AirPlus International Travel Management Study 2016 Part 1 Global business travel management booking and cost trends.

AirPlus International Travel Management Study 2016 Part 1 Global business travel management booking and cost trends. AirPlus International Travel Management Study 2016 Part 1 Global business travel management booking and cost trends. Introduction business travel growth to slow? 2016 could be a more challenging year for

More information

What we know about the economic benefits of naval shipbuilding for South Australia

What we know about the economic benefits of naval shipbuilding for South Australia What we know about the economic benefits of naval shipbuilding for South Australia By the Numbers - Defence Briefing Note: October 2017 pwc.com.au South Australia has a strong naval construction and sustainment

More information

IATA ECONOMICS BRIEFING AIRLINE BUSINESS CONFIDENCE INDEX OCTOBER 2010 SURVEY

IATA ECONOMICS BRIEFING AIRLINE BUSINESS CONFIDENCE INDEX OCTOBER 2010 SURVEY IATA ECONOMICS BRIEFING AIRLINE BUSINESS CONFIDENCE INDEX OCTOBER SURVEY KEY POINTS Results from IATA s quarterly survey conducted in October show business conditions continued to improve during the third

More information

World-Class. World-Wide.

World-Class. World-Wide. World-Class. World-Wide. FINCANTIERI MARINETTE MARINE FINCANTIERI BAY SHIPBUILDING FINCANTIERI ACE MARINE Complete Marine Solutions. Complete Marine Solutions. Complete Marine Solutions. Complete Marine

More information

Press Release. Bilfinger 2017: Stable foundation laid for the future

Press Release. Bilfinger 2017: Stable foundation laid for the future Press Release February 14, 2018 Bilfinger 2017: Stable foundation laid for the future Organic growth in orders received after three years of decline Trend reversal: Output volume better than expected Growth

More information

Uncertainty in the demand for Australian tourism

Uncertainty in the demand for Australian tourism Uncertainty in the demand for Australian tourism ABSTR This paper conducts a visual examination of the data for both international tourist arrivals and for domestic tourism demand. The outcome of the examination

More information

WHEN IS THE NEXT SHIPPING BOOM?

WHEN IS THE NEXT SHIPPING BOOM? WHEN IS THE NEXT SHIPPING BOOM? By Ravi K Mehrotra CBE Executive Chairman Foresight Group, London Samunder Club April & May 2012 Houston and Florida, USA 1 WHEN IS THE NEXT SHIPPING BOOM? I am not a fortune

More information

The Economic Impact of Tourism on the District of Thanet 2011

The Economic Impact of Tourism on the District of Thanet 2011 The Economic Impact of Tourism on the District of Thanet 2011 Prepared by: Tourism South East Research Unit 40 Chamberlayne Road Eastleigh Hampshire SO50 5JH CONTENTS 1. Summary of Results 1 2. Table of

More information

Petrofin Research Greek fleet statistics

Petrofin Research Greek fleet statistics Petrofin Research 2 nd part of Petrofin Research : Greek fleet statistics In this 2 nd part of Petrofin research, the Greek Fleet Statistics, we analyse the composition of the Greek fleet, in terms of

More information

Balance sheets and additional ratios

Balance sheets and additional ratios Balance sheets and additional ratios amounts in millions unless otherwise stated Consolidated balance sheets Dutch guilders USD* June 30, December 31, June 30, December 31, 1997 1996 1997 1996 Fixed assets

More information

Land area 1.73 million km 2 Queensland population (as at 31 December 2017) Brisbane population* (preliminary estimate as at 30 June 2017)

Land area 1.73 million km 2 Queensland population (as at 31 December 2017) Brisbane population* (preliminary estimate as at 30 June 2017) Queensland - 11 Queensland OVERVIEW Queensland is nearly five times the size of Japan, seven times the size of Great Britain, and two and a half times the size of Texas. Queensland is Australia s second

More information

easyjet response to the European Commission consultation on the aviation package for improving the competitiveness of the EU aviation sector

easyjet response to the European Commission consultation on the aviation package for improving the competitiveness of the EU aviation sector easyjet response to the European Commission consultation on the aviation package for improving the competitiveness of the EU aviation sector Introduction easyjet started flying in 1995. Since then we have

More information

VR Group s result for 2018 was excellent rail traffic volumes increased

VR Group s result for 2018 was excellent rail traffic volumes increased Press release 1 (5) VR Group s result for 2018 was excellent rail traffic volumes increased Financial details for 2018 presented in this press release are unaudited FAS figures. The figures in brackets

More information

E u r o E c o n o m i c a Issue 1(37)/2018 ISSN:

E u r o E c o n o m i c a Issue 1(37)/2018 ISSN: Issue 1(37)/2018 ISSN: 1582-8859 An Overview on the Shipbuilding Market in Current Period and Forecast Carmen Gasparotti 1, Eugen Rusu 2 Abstract: The work presents the evolution of the shipbuilding market

More information

Finding the Next Generation of Marine Pilots

Finding the Next Generation of Marine Pilots 9 th Asia Pacific Heads of Maritime Safety Authorities Forum Vina Del Mar, Chile, 18-21 April 2006 Finding the Next Generation of Marine Pilots Mick Kinley General Manager Maritime Operations Australian

More information

EVALUATING THE IMPACT OF THE ECONOMIC CRISIS ON GREEK TOURISM: PUBLIC

EVALUATING THE IMPACT OF THE ECONOMIC CRISIS ON GREEK TOURISM: PUBLIC EVALUATING THE IMPACT OF THE ECONOMIC CRISIS ON GREEK TOURISM: PUBLIC PERCEPTIONS AMONG ROMANIANS Ana Maria Tuluc Ph. D Student Academy of Economic Studies Faculty of Economics Bucharest, Romania Abstract:

More information

Hans-Peter Ring EADS Chief Financial Officer. Cowen Conference February 8 th 2012

Hans-Peter Ring EADS Chief Financial Officer. Cowen Conference February 8 th 2012 Hans-Peter Ring EADS Chief Financial Officer Cowen Conference February 8 th 2012 Safe Harbour Statement 2 Disclaimer This presentation includes forward-looking statements. Words such as anticipates, believes,

More information

WÄRTSILÄ CORPORATION

WÄRTSILÄ CORPORATION WÄRTSILÄ CORPORATION INTERIM REPORT JANUARY-SEPTEMBER 215 22 OCTOBER 215 Björn Rosengren, President & CEO Wärtsilä Highlights Q3/215 Order intake EUR 1,86 million, -17% Net sales EUR 1,222 million, +9%

More information

WORLDWIDE AIR TRANSPORT CONFERENCE: CHALLENGES AND OPPORTUNITIES OF LIBERALIZATION. Montreal, 24 to 29 March 2003

WORLDWIDE AIR TRANSPORT CONFERENCE: CHALLENGES AND OPPORTUNITIES OF LIBERALIZATION. Montreal, 24 to 29 March 2003 26/2/03 English only WORLDWIDE AIR TRANSPORT CONFERENCE: CHALLENGES AND OPPORTUNITIES OF LIBERALIZATION Montreal, 24 to 29 March 2003 Agenda Item 1: Preview 1.1: Background to and experience of liberalization

More information

WÄRTSILÄ TO ACQUIRE L-3 MARINE SYSTEMS INTERNATIONAL

WÄRTSILÄ TO ACQUIRE L-3 MARINE SYSTEMS INTERNATIONAL WÄRTSILÄ TO ACQUIRE L-3 MARINE SYSTEMS INTERNATIONAL PRESS CONFERENCE 16.12.2014 Jaakko Eskola 1 The most complete marine offering on earth 2 Wärtsilä Corporate presentation 2014 L-3 Marine Systems International

More information

Demand, Supply & Capacity in the Shipbuilding Industry

Demand, Supply & Capacity in the Shipbuilding Industry Demand, Supply & Capacity in the Shipbuilding Industry million dwt Ship completions by region 120 100 80 60 Other Europe Japan Korea China "Europe" includes Russia SOURCE: IHS-Fairplay 40 20 42.3 0 0.4

More information

An overview of the tourism industry in Albania

An overview of the tourism industry in Albania EUROPEAN ACADEMIC RESEARCH Vol. III, Issue 5/ August 2015 ISSN 2286-4822 www.euacademic.org Impact Factor: 3.4546 (UIF) DRJI Value: 5.9 (B+) An overview of the tourism industry in Albania Dr. ELVIRA TABAKU

More information

Flagging-up. The UK Ship Register s quarterly newsletter. Issue # 26

Flagging-up. The UK Ship Register s quarterly newsletter. Issue # 26 Flagging-up The UK Ship Register s quarterly newsletter Issue # 26 Welcome to the 26 th edition of Flagging-up; the UK Ship Register s quarterly newsletter. Covered in this issue: UK Flag statistics London

More information

I. The Danube Area: an important potential for a strong Europe

I. The Danube Area: an important potential for a strong Europe Final Declaration of the Danube Conference 2008 The Danube River of the European Future On 6 th and 7 th October in the Representation of the State of Baden-Württemberg to the European Union I. The Danube

More information

TUI GROUP INVESTOR PRESENTATION

TUI GROUP INVESTOR PRESENTATION TUI GROUP INVESTOR PRESENTATION German Investment Conference UniCredit / Kepler Munich, 26-27 September 2012 Future-related statements This presentation contains a number of statements related to the future

More information

CONSOLE SUNSHINE COAST: CONSTRUCTION INDUSTRY ACTIVITY AND WORKFORCE PROFILE

CONSOLE SUNSHINE COAST: CONSTRUCTION INDUSTRY ACTIVITY AND WORKFORCE PROFILE CONSOLE SUNSHINE COAST: CONSTRUCTION INDUSTRY ACTIVITY AND WORKFORCE PROFILE MAY 2014 Disclaimer: Whilst all care and diligence has been exercised in the preparation of this report, Construction Skills

More information

REPORT. VisitEngland 2010 Business Confidence Monitor. Wave 1 New Year

REPORT. VisitEngland 2010 Business Confidence Monitor. Wave 1 New Year REPORT VisitEngland Wave 1 New Year 5-7 Museum Place Cardiff, Wales CF10 3BD Tel: ++44 (0)29 2030 3100 Fax: ++44 (0)29 2023 6556 www.strategic-marketing.co.uk Contents Page 1. Headline Findings... 3 2.

More information

Thank you for participating in the financial results for fiscal 2014.

Thank you for participating in the financial results for fiscal 2014. Thank you for participating in the financial results for fiscal 2014. ANA HOLDINGS strongly believes that safety is the most important principle of our air transportation business. The expansion of slots

More information

Entering the German Market: Business Opportunities in Germany for UK companies. London, 31 May 2018

Entering the German Market: Business Opportunities in Germany for UK companies. London, 31 May 2018 Entering the German Market: Business Opportunities in Germany for UK companies London, 31 May 2018 1 Business Opportunities for UK companies in North Rhine-Westphalia, May 2018 H.R.H. Prince William in

More information

The Economic Impact of Tourism on Calderdale Prepared by: Tourism South East Research Unit 40 Chamberlayne Road Eastleigh Hampshire SO50 5JH

The Economic Impact of Tourism on Calderdale Prepared by: Tourism South East Research Unit 40 Chamberlayne Road Eastleigh Hampshire SO50 5JH The Economic Impact of Tourism on Calderdale 2015 Prepared by: Tourism South East Research Unit 40 Chamberlayne Road Eastleigh Hampshire SO50 5JH CONTENTS 1. Summary of Results 1 2. Table of Results Table

More information

Economic Impact of Tourism. Cambridgeshire 2010 Results

Economic Impact of Tourism. Cambridgeshire 2010 Results Economic Impact of Tourism Cambridgeshire 2010 Results Produced by: Tourism South East Research Department 40 Chamberlayne Road, Eastleigh, Hampshire, SO50 5JH sjarques@tourismse.com http://www.tourismsoutheast.com

More information

ACI EUROPE POSITION. A level playing field for European airports the need for revised guidelines on State Aid

ACI EUROPE POSITION. A level playing field for European airports the need for revised guidelines on State Aid ACI EUROPE POSITION A level playing field for European airports the need for revised guidelines on State Aid 16 June 2010 1. INTRODUCTION Airports play a vital role in the European economy. They ensure

More information

FY2015 2nd Quarter Business Results

FY2015 2nd Quarter Business Results FY2015 2nd Quarter Business Results Project AH A MAY products Yamaha Corporation and Yamaha Motor Co., Ltd. make products by exchanging the design divisions and their design fields, and present a joint

More information

From the remarks by. Chairman of the Board of Management of LANXESS AG

From the remarks by. Chairman of the Board of Management of LANXESS AG Annual Stockholders Meeting Thursday, May 22, 2014 LANXESS AG Contact: Daniel Smith Financial and Business Media 50569 Köln Germany Phone +49 221 8885 5179 Fax +49 221 8885 5691 daniel-alexander.smith@

More information

WÄRTSILÄ CORPORATION HALF YEAR FINANCIAL REPORT JANUARY-JUNE July 2017 Jaakko Eskola, President & CEO. Wärtsilä PUBLIC

WÄRTSILÄ CORPORATION HALF YEAR FINANCIAL REPORT JANUARY-JUNE July 2017 Jaakko Eskola, President & CEO. Wärtsilä PUBLIC WÄRTSILÄ CORPORATION HALF YEAR FINANCIAL REPORT JANUARY-JUNE 217 2 July 217 Jaakko Eskola, President & CEO 1 Wärtsilä PUBLIC 2 July 217 Half year financial report 217 Highlights Q2/217 Order intake EUR

More information

AIRSPACE INFRINGEMENTS BACKGROUND STATISTICS

AIRSPACE INFRINGEMENTS BACKGROUND STATISTICS AIRSPACE INFRINGEMENTS BACKGROUND STATISTICS What is an airspace infringement? A flight into a notified airspace that has not been subject to approval by the designated controlling authority of that airspace

More information

The contribution of Tourism to the Greek economy in 2017

The contribution of Tourism to the Greek economy in 2017 The contribution of Tourism to the Greek economy in 2017 1 st edition (provisional data) May 2018 Dr. Aris Ikkos, ISHC Research Director Serafim Koutsos Analyst INSETE Republishing is permitted provided

More information

R&M Ship Tec Group. Our core competencies: TURNKEY SOLUTIONS SHIP OUTFITTING INSULATION HEATING, VENTILATION AND AIR CONDITIONING PREFABRICATED CABINS

R&M Ship Tec Group. Our core competencies: TURNKEY SOLUTIONS SHIP OUTFITTING INSULATION HEATING, VENTILATION AND AIR CONDITIONING PREFABRICATED CABINS Tec Group Our core competencies: TURNKEY SOLUTIONS SHIP OUTFITTING INSULATION HEATING, VENTILATION AND AIR CONDITIONING PREFABRICATED CABINS PRODUCTION OF ACCOMMODATION SYSTEMS AND WET UNITS PRODUCTION

More information

Messe Frankfurt events generate annual revenues of 3.6 billion euros

Messe Frankfurt events generate annual revenues of 3.6 billion euros 2 2018 January 2018 SPECIAL ISSUE Messe Frankfurt events generate annual revenues of 3.6 billion euros Horst Penzkofer Horst Penzkofer Messe Frankfurt events generate annual revenues of 3.6 billion On

More information

Kuwait Airline Industry Report-Update

Kuwait Airline Industry Report-Update May 2011 Industry Research Kuwait Airline Industry Report-Update Report Contents Summary Industry Overview GCC Airline Sector Kuwait Airline Sector - Brief about Kuwaiti Airlines - Kuwait Airways - Jazeera

More information

Challenges and Developments in Global Shipbuilding Industry

Challenges and Developments in Global Shipbuilding Industry Challenges and Developments in Global Shipbuilding Industry -brief overview of the current situation- AgS Monitoring Shipbuilding Thorsten Ludwig, Heino Bade, Heiko Messerschmidt industriall Global Union

More information

INTERIM REPORT JANUARY-JUNE 2012 BJÖRN ROSENGREN, PRESIDENT & CEO 18 JULY 2012

INTERIM REPORT JANUARY-JUNE 2012 BJÖRN ROSENGREN, PRESIDENT & CEO 18 JULY 2012 INTERIM REPORT JANUARY-JUNE 212 BJÖRN ROSENGREN, PRESIDENT & CEO 18 JULY 212 Highlights Q2/212 Order intake EUR 1,198 million, +2% Net sales EUR 1,99 million, +6% Book-to-bill 1.9 (1.13) EBIT EUR 113 million,

More information

Contribution from UNCTAD dated: 29 June 2010

Contribution from UNCTAD dated: 29 June 2010 Report of the UN Secretary-General: Necessity of ending the economic, commercial and financial embargo imposed by the United States of America against Cuba (A/65/83) Contribution from UNCTAD dated: 29

More information

BC FERRIES BOARD APPROVES $325 MILLION IN CONTRACTS Flensburger Shipyard of Germany wins bid to build three Super C vessels

BC FERRIES BOARD APPROVES $325 MILLION IN CONTRACTS Flensburger Shipyard of Germany wins bid to build three Super C vessels For Immediate Release 04-071 September 17, 2004 BC FERRIES BOARD APPROVES $325 MILLION IN CONTRACTS Flensburger Shipyard of Germany wins bid to build three Super C vessels VICTORIA Following the completion

More information

WÄRTSILÄ CORPORATION HANDELSBANKEN NORDIC LARGE CAP SEMINAR

WÄRTSILÄ CORPORATION HANDELSBANKEN NORDIC LARGE CAP SEMINAR WÄRTSILÄ CORPORATION HANDELSBANKEN NORDIC LARGE CAP SEMINAR Jaakko Eskola President & CEO 1 Wärtsilä PUBLIC 2 September 217 Jaakko Eskola Wärtsilä s net sales by business 1-6/217 SERVICES, 45% ENERGY SOLUTIONS,

More information

WÄRTSILÄ CORPORATION INTERIM REPORT JANUARY-MARCH April 2018 Jaakko Eskola, President & CEO. Wärtsilä PUBLIC

WÄRTSILÄ CORPORATION INTERIM REPORT JANUARY-MARCH April 2018 Jaakko Eskola, President & CEO. Wärtsilä PUBLIC WÄRTSILÄ CORPORATION INTERIM REPORT JANUARY-MARCH 218 24 April 218 Jaakko Eskola, President & CEO 1 Wärtsilä PUBLIC 24 April 218 Q1 Result presentation ORDER INTAKE AND NET SALES DEVELOPED WELL IN THE

More information

Development and implementation of a marketing strategy for the European ecolabel on textiles and shoes in Denmark

Development and implementation of a marketing strategy for the European ecolabel on textiles and shoes in Denmark Final Report Development and implementation of a marketing strategy for the European ecolabel on textiles and shoes in Denmark ENV.D.3/SER/2001/0039r Valør & Tinge Ltd Copenhagen 27 September 2002 TABLE

More information

August Briefing. Why airport expansion is bad for regional economies

August Briefing. Why airport expansion is bad for regional economies August 2005 Briefing Why airport expansion is bad for regional economies 1 Summary The UK runs a massive economic deficit from air travel. Foreign visitors arriving by air spent nearly 11 billion in the

More information

Seminar on Improving Maritime Transport Safety. SooYeob, Kim. Director Maritime Safety Department Korea Maritime Institute. 20 December 2016.

Seminar on Improving Maritime Transport Safety. SooYeob, Kim. Director Maritime Safety Department Korea Maritime Institute. 20 December 2016. Seminar on Improving Maritime Transport Safety SooYeob, Kim. Director Maritime Safety Department Korea Maritime Institute 20 December 2016. Bangkok 1 Contents 1. Marine Accident Analysis 2. Changes in

More information

WÄRTSILÄ CORPORATION

WÄRTSILÄ CORPORATION WÄRTSILÄ CORPORATION INTERIM REPORT JANUARY-JUNE 214 18 JULY 214 Björn Rosengren, President & CEO Wärtsilä Highlights Q2/214 NEW PIC Order intake EUR 1,163 million, +9% Net sales EUR 1,132 million, -2%

More information

Visa Inbound Spend Report

Visa Inbound Spend Report Visa Inbound Spend Report Visa Insights 2017 Visa Public Disclaimer Case studies, statistics, research and recommendations are provided "AS IS" and intended for informational purposes only and should not

More information

National Passenger Survey Spring putting rail passengers first

National Passenger Survey Spring putting rail passengers first National Passenger Survey putting rail passengers first What is Passenger Focus? Passenger Focus is the independent national rail consumer watchdog. Our mission is to get the best deal for Britain s rail

More information

Airbus vs. Boeing. Dr David Rees

Airbus vs. Boeing. Dr David Rees Airbus vs. Boeing Dr David Rees Brief History Founded in Seattle, 1916 Production scaled up during WW2 US first commercial jet airliner, 1958 Active participation in Apollo program, Hydrofoil, submarine

More information

New EU Guidelines on State Aid to airports and airlines. ERA Perspective

New EU Guidelines on State Aid to airports and airlines. ERA Perspective New EU Guidelines on State Aid to airports and airlines ERA Perspective Leonardo Massetti Manager Regulatory Affairs European Regions Airline Association About ERA 51 airline members 19 Airports 99 Suppliers

More information

The Economic Impact of Tourism on Scarborough District 2014

The Economic Impact of Tourism on Scarborough District 2014 The Economic Impact of Tourism on Scarborough District 2014 Prepared by: Tourism South East Research Unit 40 Chamberlayne Road Eastleigh Hampshire SO50 5JH CONTENTS 1. Summary of Results 1 2. Table of

More information

1. Title: Instrumental development of the fire service for disaster prevention and technical rescue

1. Title: Instrumental development of the fire service for disaster prevention and technical rescue STANDARD SUMMARY PROJECT FICHE Project No. HU9911-02 1. Title: Instrumental development of the fire service for disaster prevention and technical rescue 2. Sub-programme: Environment 3. Geographical Location:

More information

Thessaloniki Chamber of Commerce & Industry TCCI BAROMETER. March Palmos Analysis. March 11

Thessaloniki Chamber of Commerce & Industry TCCI BAROMETER. March Palmos Analysis. March 11 Thessaloniki Chamber of Commerce & Industry TCCI BAROMETER March 2011 Palmos Analysis March 11 TCCI BAROMETER (Executive Summary) Thessaloniki Chamber of Commerce and Industry (TCCI), consistent to its

More information

III. TRADE IN COMMERCIAL SERVICES BY CATEGORY

III. TRADE IN COMMERCIAL SERVICES BY CATEGORY . TRADE IN COMMERCIAL SERVICES BY CATEGORY The Highlights Transportation services Rising seaborne trade and air traffic contribute to the increase of transportation services trade In a context of rising

More information

2012 RESULT PRESENTATION

2012 RESULT PRESENTATION 212 RESULT PRESENTATION BJÖRN ROSENGREN, PRESIDENT & CEO 25 JANUARY 213 Wärtsilä Net sales back to growth with stable profitability 212 development Order intake EUR 4,94 million, +9% Net sales EUR 4,725

More information

IATA ECONOMICS BRIEFING

IATA ECONOMICS BRIEFING IATA ECONOMICS BRIEFING NEW AIRCRAFT ORDERS A POSITIVE SIGN BUT WITH SOME RISKS FEBRUARY 26 KEY POINTS 25 saw a record number of new aircraft orders over 2, for Boeing and Airbus together even though the

More information

Israeli-Egyptian Trade: In-Depth Analysis

Israeli-Egyptian Trade: In-Depth Analysis Israeli-Egyptian Trade: In-Depth Analysis YITZHAK GAL BADER ROCK MIDDLE EAST Contents Israeli-Egyptian Economic Relations 3 Israel s Trade With Egypt 6 Egypt s Trade With Israel in Context 10 The Israeli-Egyptian

More information

WÄRTSILÄ CORPORATION HALF YEAR FINANCIAL REPORT July 2018 Jaakko Eskola, President & CEO. Wärtsilä PUBLIC

WÄRTSILÄ CORPORATION HALF YEAR FINANCIAL REPORT July 2018 Jaakko Eskola, President & CEO. Wärtsilä PUBLIC WÄRTSILÄ CORPORATION HALF YEAR FINANCIAL REPORT 218 19 July 218 Jaakko Eskola, President & CEO 1 Wärtsilä PUBLIC 19 July 218 Half year financial report 218 GOOD DEVELOPMENT IN ORDERS RECEIVED 2 Highlights

More information

2007/08 Full Year Results Investor Briefing

2007/08 Full Year Results Investor Briefing 2007/08 Full Year Results Investor Briefing Highlights of Result Profit before tax up 46% to $1,408 million Up 36% on the reported result Margin improvement $3 billion of Sustainable Future Benefits achieved

More information