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Launched in January 2005 in Bremen, WATERBORNETP brings together the maritime industry as represented by trade associations, the 25 EU Member States, a number of non-members, including Norway, as well as European Commission services. In February 2006, it published its views on the major challenges confronting the European maritime industry, under the title ‘Vision 2020’. WATERBORNE TP Strategic research Agenda (WSRA) was presented to European Research Commisisoner Janez Poto─Źnik in Vienna in 2006.

Europe now controls 40% of the world shipping fleet and accounts for 40% of new construction orders, while European shipbuilders and marine equipment manufacturers have a larger turnover than their Asian counterparts. This unique position, says WATERBORNETP, is the result of a constant flow of innovation, based on a wide array of advanced European research and development projects. Implementation of the WSRA will assure this position for many years to come.