Cyprus-Forum.com

[Nikitas]

Two points here- high tech in general manufacturing and high tech in ship breaking.

Pyro asks "what part of the total manufacturing is fully automatic high Tech? " A LOT! Come with me to northern Italy and I will show you factories that once employed 1200 skilled machinists, and now employ less than 200 while increasing their machinery, going to total CNC and CAD-CAM technology, with just ONE man in control of the machines via his smart phone. Additionally the new tech lowers costs while increasing quality of the products.

Ship breaking seems like a crude manual business, in the Far East. Look up ship breaking in Denmark for instance and you will see giant machines breaking ships fast with minimal labor.

The question begging to be asked is why the huge Greek merchant fleet (4000 oceang going ships) has not led to a boom in ship design, building, breaking industries in Greece and Cyprus. To answer that one you first have to figure out why there is no ferry link between the two sea powers of the EU, Greece and Cyprus.