Focusing on the key issues which will face the industry over the next decade, as well as scrutinising the current state of play, 'World Shipbuilding: The Challenges Ahead' offers an unprecedented level of detail and accuracy, presented in a concise, easy-to-digest format.
Like many other industries, shipbuilding has gravitated to the east over the last 30 years or so - and during this period Western Europe's shipbuilders have seen their market share eroded, first by Japan, then by South Korea and, more recently, by China. Unable to compete on price European yards have been obliged to specialise, focusing their expertise on gas and chemical tankers and cruise ships. This Report answers the question on the lips of everyone with an interest in the industry: What is likely to happen next?
Examining in detail the implications of this shift for the industry as a whole in the light of current and anticipated developments, we have identified a number of key indicators on which to base our forecasts. Our analysis of the competitive positions of shipyards in each of the major centres (Japan, South Korea, China and Western Europe) and all yard types, gives the reader an outline of the critical factors for success. Concluding that only the most efficient and technologically advanced yards are likely to survive, we advocate the development of 'Best Practice' drawing examples from every relevant viewpoint, from Management & Strategy and Design & Technical Issues to Planning & Production, Purchasing and Marketing.
All this shows how success can best be achieved and maintained. But yards will also need to know what level of business they can look forward to. This burning question is comprehensively addressed by the unprecedented detail and accuracy of a worldwide capacity breakdown which rejects the traditionally approximate approach in favour of assessments based on a breakdown of actual deliveries over the last ten years.
In addition to a ten-year projection of newbuilding demand by vessel type and region, we have compared theoretical capacity with demand to get a feel for the industry's overall supply/demand balance. That balance has an obvious bearing on price trends - and indications are that Chinese and South Korean growth have caused considerable overcapacity which is likely to lead to price weakness.
Such weakness is already evident in current prices - and it is clear that there will be a need for restructuring and rationalisation on a global scale. With this in mind, we have included a comprehensive round-up of the options open to yard owners - including the state of play in government shipbuilding subsidies and ship financing.
It is clear that the industry faces considerable challenge in the coming years - and this unique Report has been specifically designed to place all of the salient facts before you in an easily digestible yet unusually detailed format. In fact, we believe that this document is a vital weapon in the armoury of anyone affected by the developments in global shipbuilding. "WORLD SHIPBUILDING: The Challenges Ahead", is published by Drewry Shipping
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