Against the odds: The evolution of the European naval shipbuilding industry

Renaud Bellais ()
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Renaud Bellais: Ecole Nationale Supérieure de Techniques Avancées Bretagne (ENSTA Bretagne), Brest, France

Economics of Peace and Security Journal, 2017, vol. 12, issue 1, 5-11

Abstract: Despite a low volume of production at national levels, the European naval industry remains quite fragmented 25 years after the end of the cold war. Contrary to what might be expected from an industrial or budgetary perspective, neither cross-border consolidation nor cooperative programs have resulted in European restructuring. The sovereign nature of shipyards has led to the promotion of a domestically-centered industry transformation. Again, contrary to what might be expected, this appears to be a potentially sustainable approach due to the long-term relationship between navies and their domestic industrial partners. Even so, one can question the sustainability of the current economic model, reliant as it is on export contracts and insufficient margins to manoeuver.

Keywords: Shipyard; cooperation; horizontal consolidation; vertical integration; arms exports (search for similar items in EconPapers)
JEL-codes: H56 L64 O25 (search for similar items in EconPapers)
Date: 2017
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