The marine equipment sector comprises all products and services supplied for the building, conversion, maintenance of ships (seagoing and inland) and maritime structures. This includes technical services in the field of engineering, installation and commissioning, and ship maintenance (including repair).
The shipbuilding sector encompasses the shipyards and the marine equipment manufacturers including service and knowledge providers. The European shipbuilding industry is the global leader in the construction of complex vessels such as cruise ships, ferries, mega-yachts and dredgers. It also has a strong position in the building of submarines and other naval vessels.
The European Marine Equipment industry is leading technology for the world wide shipbuilding sector. Companies in the European sector introduce the majority of new innovations in shipbuilding and are world leaders for a wide range of products, from large diesel engines to electronics and the value of the outfit (products, services and systems) on board a vessel can reach up to 70%.
The production ranges from fabrication of steel and other basic materials to the development and supply of engines and propulsion systems, cargo handling systems, general machinery and associated equipment, environmental an safety systems, electronic equipment incorporating sophisticated controm systems, advanced tellecommunications equipment and IT.
Thus the marine equipment industry supports the whole marine value chain and stakeholders: from the port infrastructure and operation to the ship/shore interface, shipbuilding and ship repair.
European equipment industries are world leaders in propulsion, cargo handling, communication, automation and environmental systems.
The European marine equipment industry is a high value added sector. Competing in a global market, a leading position cannot be sustained on prices alone. The industry derives its competitiveness through innovative and reliable high quality products.