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(USGovernment-News.Com, September 01, 2016 ) The Shipbuilding Industry is involved in the construction and modification of ships and these operations are carried out in specialized facilities called shipyards. Shipbuilding process starts with inquiries from customers, followed by completion of various processes until the vessel is completed. Modern shipbuilding involves multiple participants to design, construct and maintain a ship. The shipbuilding value chain is comprised of three major phases: pre-production, production, and postproduction. In 2013, new ship building orders rose up to an incredible level from last year. Five years have passed since the commencement of the economic crisis which saw the downfall of many shipping companies and shipyards and a dramatic diminution in the number and the cost of newbuilding orders. However, 2013 marked a significant change with a strong revival in ship orders, which tripled compared to last year, and with an increased demand and the volume of the shipyards orderbooks.
Shipbuilding industry is mostly dominated by Asian players, such as South Korea, China and Japan. In 2013, China led the market with the largest orderbook, while South Korea was leading in terms of contracting. The European shipbuilding industry recorded a remarkable growth in 2013, with new orders and increased orderbooks. The emerging nations such as India, Vietnam, Brazil, the Philippines, and Turkey recorded significant growth in shipbuilding industry.
Rising global GDP is one of the key growth driver for the shipbuilding industry. Major challenges associated with shipbuilding are environmental regulations and rising fuel costs. Shipbuilding industry is undergoing various industrial developments like virtualization, robotics in shipyards and green shipbuilding.
1. Overview 1.1 Shipbuilding: An Introduction 1.2 Shipbuilding Process 1.3 Ship Building Cycle 1.4 Shipbuilding Industry Value Chain
2. Market Size 2.1 Global Shipbuilding Market
New Orders Completions Orderbook Price Index Regional Breakdown
2.2 Regional Markets 2.2.1 South Korea
New Orders Completions Orderbook Deliveries
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