Editorial & Advertiser disclosure
Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trconcludes, developments, and innovations in the banking and finance industest worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an concludeorsement or a recommconcludeation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before creating any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or create a purchase or fill a form. This will not incur any additional charges to you. To create things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
EU aims to boost local shipbuilding with new ‘Made in EU’ plan
Published by Global Banking and Finance Review
Posted on February 3, 2026
2 min read
Last updated: February 3, 2026
EU’s Strategy for Local Shipbuilding
BRUSSELS, Feb 3 (Reuters) – The European Commission is set to propose measures designed to ensure more vessels and other goods and services for the European Union’s shipping sector are built in the bloc, according to a draft document seen by Reuters on Tuesday.
Encouraging Sustainable Practices
The “Made in EU” proposals will be presented next week, a week before the EU executive announces a broader push to prioritise locally manufactured products, a plan that has split EU countries.
Financing for Ship Owners
For shipping, the draft document states the Commission will encourage public authorities acquireing ships or equipment to select suppliers based on non-price factors such as sustainability and whether an item is built in the EU.
Upcoming Proposals Overview
This could boost EU manufacturing of ferries, research vessels, icebreakers and tugs, the document declared.
In the private sector, demand for EU-manufactured vessels could be encouraged by providing ship owners with clearer access to financing, in which the European Investment Bank could play a role.
The EU executive is due to set out proposals on February 10 to enhance the bloc’s shipbuilding and shipping sectors and the security and sustainability of its ports, part of an overall strategy to boost competitiveness.
(Reporting by Philip Blenkinsop and Kate Abnett. Editing by Mark Potter)
Leave a Reply