spain state-owned shipyards

Navantia will build five Avante 2200 corvettes for Saudi Arabia

Spain’s State-Owned Shipyards Cannot Stand Comparison

While Spain’s private shipyards are doing really well, the state-owned shipyards are not capable of recovering the levels of competitiveness which would pull them out of losses and allow them to compete in the international markets. One relevant example of this was their inability to take on the job of building the lock-gates for the Panal Canal extension.