97 000 gross tons Mein Schiff 3, which is
are facing heat from the local competition,
ri which just purchased STX OSV – world
due for delivery next year, while the sec-
China, and STX may well be a casualty in
leader in the construction of offshore sup-
ond vessel should be delivered in 2015.
the war. It is noteworthy to observe that
port vessels for oil and gas extraction and
South Korea had no shipbuilding industry
production – from STX Europe.
But as European shipyards are facing
hard times, the mother company STX Ko-
at all until the early 1970s.
This means that with 21 shipyards
in three different continents, the Fincan-
rea is heavily in debt and under pressure
to sell some of its assets – especially those
THE ITALIAN JOB
tieri Group is doubling its size, becoming,
not of Korean origin. The market in Korea
Europe, however, has long traditions in
in essence, one of the top five shipbuild-
is tough as nails as the country is home to
shipbuilding and some players are even in
ers worldwide and the leading Western
seven of the world’s ten largest shipbuild-
position to take advantage of the Korean
producer – also in terms of diversification
ing companies. The Korean shipbuilders
woes. Case in point: the Italian Fincantie-
and presence in the high value added seg-
seatec 1/2013
23