Finland Ship building industry ranked fifteenth globally in the late 1980s. Finland has eight main ship yards in which more then 14,000 people are employed. Finland boasts about specializing in the high priced ships such as ice breakers, ocean exploration vessels, car ferries, luxury ships, goods carrying ships.
Finland Ship building industry has manufactured ships which can sail and operate in the extreme Arctic conditions. Finnish ship yards exported upto 80 percent of the productions and this in turn made them heavily depended on the global market developments. In Finland two new shipyards were built for the ships sailing to the oceans during the period of 1975s.
Unfortunately by the late 1980s it seemed that ship building had faced crisis due to several factors. The major client of the shipbuilding industry of Finland, the Soviet Union started placing orders with other countries too. Again the specialties like the ice breaker ships of Finland faced competition from technologically advanced countries like Japan. The two major ship building companies of Finland Wartsila and the Valmet Group merged their divisions in July 1986. This step proved costly to the Ship building Industry. Keeping aside all the pros and cons the Shipbuilding Industry in Finland proved to be a major booster for the country
