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  • The Battle Is Almost Lost: China’s Industrial Challenge to European Shipbuilding

    Ships may be the new battleground for the European Union’s willingness to loosen its antitrust rules. Cruise ship builders Fincantieri in Italy and Chantiers de l’Atlantique in France attempt to create an industrial heavyweight to counter China’s rise as a cruise ship builder. These companies argue that if European shipbuilders continue to be constrained by rules protecting competition in Europe, Chinese companies with significant financial resources and with technological capacity comparable to that of Europe will take hold of the European shipbuilding market and outcompete European companies.
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