The world ship repair market to 2015
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The world ship repair market to 2015

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Shiprepair activity improved over 2000/2001, benefiting both emerging and established facilities worldwide. However, competition remains strong, with low cost centres influencing developments in all ...

Shiprepair activity improved over 2000/2001, benefiting both emerging and established facilities worldwide. However, competition remains strong, with low cost centres influencing developments in all regions. Pressures to improve profitability remain - particularly among established yards - prompting mergers, re-organisation and significant investments

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The world ship repair market to 2015 The world ship repair market to 2015 Document Transcript

  • The World Ship Repair Market to 2015Shiprepair activity improved over 2000/2001, benefiting both emerging and established facilitiesworldwide. However, competition remains strong, with low cost centres influencingdevelopments in all regions. Pressures to improve profitability remain - particularly amongestablished yards - prompting mergers, re-organisation and significant investments.Over the near term, a weakening world economy and depressed freight rates are expected to testthe resolve of shiprepair industries, intensifying competition and leading to furtherrationalisation. Pressure to improve maintenance standards and vessel safety is mounting, withthe IMO regulations regarding the phase-out of single hull tankers set to have a profound impacton fleet developments and repair demand through to 2015.The next fifteen years are expected to witness a number of significant changes in shiprepairactivity, with ongoing improvements in skills and quality of work offered by emerging nations -particularly in China, the Baltic and East Mediterranean. Established repair centres arc expectedto intensify their efforts to secure market share, concentrating on low deviation and specialistmarkets. Intense competition is expected to encourage greater co-operation between yards overthe forecast period, as well as improvements in working practices, efficiency and safety.This Report - the 5th in-depth shiprepair industry analysis published by OSC - highlights thecurrent/recent developments throughout the industry, and presents detailed forecasts on what islikely to be witnessed over the period to 2015 in the areas of:*Shiprepair Demand*Dock Capacity*Dock Utilisation*Regional Repair Activity & Capacity*Repair Prices*Repair Activity by Vessel Type/SizeThe Report provides an invaluable independent set of detailed analyses on the futuredevelopment prospects for all aspects of ship repair and conversion. It is essential reading for allparties with an interest in this sector.SECTION 1 INTRODUCTION & SUMMARY OF METHODOLOGYIncludes an overview of the aims of the Report, together with a summary of the methodologyunderlying the Reports analysis.
  • SECTION 2 WORLD FLEET DEVELOPMENT TO 2015The level of world-wide shiprepair demand in the forward period will be directly linked to thesize and structure of the world merchant fleet. This Section therefore includes extensive analysisof the current, recent and future volume, age structure and size profile of individual vesseltypes:-*Tankers*Bulk Carriers*Containerships*General Cargo Vessels*Gas Carriers*Passenger Vessels*& Other Vessel TypesThe expected changes in the fleet size and composition for all vessel types are analysed, and theimplications for shiprepair activity assessed.SECTION 3 WORLD REPAIR CAPACITY TO 2015Recent years have witnessed extensive changes in the number and size profile of repair facilitiesavailable on a regional basis throughout the world. Attention here is focused on recentdevelopments in this regard, on the current detailed distribution, and the expected developmentsin terms of new and upgraded facilities in the future.Attention is focused particularly on those countries where current/recent capacity changes havebeen witnessed, and where changes are expected within the study period. Particular attention isdrawn to the expansion and development of shiprepair capacity in China & Vietnam, and theimpact on international and regional markets.SECTION 4 FACTORS SHAPING WORLD REPAIR DEMAND TO 2015There is an undeniable linkage between overall repair activity and freight markets. The relationis complex however, and type/size-specific. This Section examines the trends in freight marketsfor the principal vessel sectors shaping overall shiprepair demand, and analyses the implicationsfor repair yard activity in the forward period. Vessel conversion has become of key significancein the shiprepair sector, and the main trends in this regard are analysed in full.Vessel trading patterns are a key determinant of regional shiprepair activity. The main areas of
  • vessel loading/discharging for the principal vessel types are analysed, and the likely forwarddevelopments in this regard are discussed.SECTION 5 FORECAST INDUSTRY SUPPLY/DEMAND & TRENDS TO 2015This Section effectively brings together the preceding analyses to present a detailed set offorecasts on shiprepair activity, dock utilisation, and repair prices throughout the period to 2015.As well as focusing on the level of repair activity associated with individual vessel types, theSection also includes extensive analysis of the outlook for repair demand from different sizesectors of shipping, and the implications for docks of different size capacity.This Section represents the most extensive and detailed set of shiprepair supply/demand andprice forecasts yet published.SECTION 6 SUMMARY OF CONCLUSIONS & EXECUTIVE SUMMARYThis Section provides a summary of the main conclusions to be drawn from the extensiveanalyses in this Report - examining and discussing the main implications for:*Ship-owners*Shipyards*Regional shiprepair marketsThe Report is completed with the provision of an Executive Summary, which represents acollation of the most significant points and conclusions from the Report, presented in the order ofthe corresponding Sections for ease of reference.It provides the final part of the most comprehensive and detailed independent appraisal of theworld shiprepair and conversion industry ever published.Table of Contents :Section 1 INTRODUCTION & SUMMARY OF METHODOLOGY 1-21.1 Introduction 11.2 Methodology 2Section 2 WORLD DEVELOPMENT TO 2015 3-662.1 Introduction 32.2 Total World Merchant Fleet Developments 1981/2001 3World Fleet Age Profile 8Scrapping Developments 10
  • Vessel Sectors 102.3 Tanker Fleet Development to 2015 122.4 Bulk/Combination Carrier Fleet Development to 2001 252.5 Gas Carrier Fleet Development to 2015 312.6 Container Ship Fleet Development to 2015 382.7 General Cargo/Multi-Purpose Vessel Fleet Development to 2015 452.8 Chemical Carrier Fleet Development to 2015 482.9 Cruise Vessel Fleet Development to 2015 522.1 Reefer Vessel Fleet Development to 2015 562.11 Offshore Vessel Fleet Development to 2015 582.12 Fishing Vessel Fleet Developments to 2015 602.13 Ro-Ro Vessel Fleet Development to 2015 602.14 Other Vessels Fleet Development to 2015 622.15 Total World Fleet Development to 2015 64Section 3 WORLD SHIP REPAIR MARKET TO 2015 67-1283.1 Introduction 673.2 World Shiprepair Capacity Development 673.3 North Europe 72United Kingdom 73Scandinavia 75Norway 75Sweden 75Holland 76Belgium 76France 76Baltic 76Estonia 77Lithuania 77Latvia 78Germany 78North European Shiprepair Dock Capacity Developments to 2015 783.4 South Europe 803.4.1 Mediterranean 82Portugal 82Spain 83France (South) 84Italy 84Malta 84Croatia 84Greece 85Bulgaria 85Yugoslavia 86Romania 86Turkey 86Ukraine 86
  • South European Shiprepair Dock Capacity Developments to 2015 873.5 Middle East 88Dubai 88Bahrain 89Other Middle East 89Middle East Shiprepair Dock Capacity Developments to 2015 903.6 South and South-East Asia 91Singapore 92Indonesia 94Malaysia 95Philippines 95India 96Sri Lanka 96Thailand 97Vietnam 97South & South-East Asian Shiprepair Dock Capacity Developments to 2015 983.7 East Asia 98China 99South Korea 103Japan 103Taiwan 105East Asian Shiprepair Dock Capacity Development to 2015 1063.8 Australasia 108Australia 108New Zealand 108Australasian Shiprepair Dock Capacity Development to 2015 1093.9 Africa 109Egypt 110South Africa 110Ghana 111Other Africa 112African Shiprepair Dock Capacity Development to 2015 1123.1 North America 113USA 113Major US Repair Yards 113US Pacific 117Canada 117North American Shiprepair Dock Capacity Development to 2015 1183.11 Central & South America 120Caribbean/Central America 120South America – Atlantic 122South America – Pacific 123C/S American Shiprepair Dock Capacity Development to 2015 1233.12 World Shiprepair Dock Capacity Development to 2015 125Section 4 FACTORS SHAPING WORLD REPAIR DEMAND TO 2015 129-1664.1 Introduction 129
  • 4.2 Vessel Employment 1304.2.1 Regional Analysis132Asia (excluding Japan) 132Japan 134North America 136North Europe 139South Europe 140Middle East 1404.2.2 Vessel Employment by Size Sector4.3 Freight Market Developments & Implications for4.3.1 Tanker Freight Market Developments4.3.2 Bulk Carrier Freight Market Developments4.3.3 Gas Carrier freight Market Developments4.3.4 Containership Freight Market Developments4.3.5 Multi-purpose Freight Market Developments4.4 Aggregate Freight Index, 1986-2002 1634.5 Vessel Conversion 165Section 5 FORECAST INDUSTRY SUPPLY/DEMAND & TRENDS TO 2010 167-1905.1 Introduction 1675.2 Ship Repair Developments to 2015 1675.2.1 Future development by Vessel Type 1675.2.2 Key Developments in Sector Age profiles to 2015 1765.2.3 Future Ship Repair Development by Vessel Size 1775.3 Actual Repair Activity Developments to 2015 1815.4 Forecast Dock Utilisation 1845.5 Shiprepair Price Developments to 2015 188Section 6 SUMMARY OF CONCLUSIONS & EXECUTIVE SUMMARY 191-2046.1 Regional Market Development 1916.2 Market Implications 1976.2.1 Implications for Ship Repair Yards 1976.2.2 Implications for Shipowners 1996.3 Section Summaries 200Section 2: World Fleet Development & Repair Demand to 2015 200Section 3: World repair Capacity 200Section 4: Factors Shaping World Repair Demand to 2015 202Section 5: Forecast Industry Supply/Demand & Trends to 2015 203CONTENTS - TABLESTable 2.2.1 World Cargo Carrying Fleet Profile, 2001 4Table 2.2.2 Average Fleet Growth 1997-2001 4Table 2.2.3 World Merchant Fleet development 1981/ 2001 5
  • Table 2.3.1 Tanker Fleet Age Distribution 1980-2001 14Table 2.3.2 Tanker Fleet Size/Age Structure 2001 15Table 2.3.3 World Tanker Orderbook by Size (2001) 16Table 2.3.4 Summary of Near Term Oil Demand Prospects 17Table 2.3.5 Forecast Crude Oil Trade to 2015 22Table 2.3.6 Forecast Oil Product Trade to 2015 22Table 2.3.7 Forecast Oil Trade to 2015 23Table 2.4.1 Bulk and Combination Carrier Fleet Development 1980-2001 27Table 2.4.2 Bulk/Combination Carrier Fleet Age Distribution 1980-2001 27Table 2.4.3 Bulk Carrier Size/Age Structure 2001 28Table 2.4.4 World Orderbook: Bulk Carriers & Combination by Size, 2001 28Table 2.5.1 Gas Carrier Fleet Development, 1980-2001 34Table 2.5.2 Gas Carrier Fleet Age Distribution 1981-2001 34Table 2.5.3 LPG Carrier Size/Age Structure - 2001 35Table 2.5.4 LNG Carrier Size/Age Structure - 2001 35Table 2.6.1 Container Fleet Development 1986-2001 39Table 2.6.2 Fully Cellular Container Fleet Development: 1995-2001 40Table 2.6.3 Age Profile of World Container Ship Fleet, 1995-2001 41Table 2.7.1 Conventional General Cargo/Multi-Purpose Fleet Development, 1981/2001 46Table 2.7.2 Conventional General Cargo/Multi-Purpose Fleet DevelopmentBy Sector 1986-200147Table 2.7.3 General Cargo/Multi-Purpose Age Profile: 1995-2001 47Table 2.8.1 Size Analysis of Chemical Carrier Fleet, 2001 50Table 2.9.1 Cruise Fleet Capacity by Size 1994/2001 54Table 2.9.2 Cruise Fleet Age/Size Profile 2001 54Table 3.2.1 Global Drydock Capacity by Region & Size, 2001 69Table 3.2.2 World Shiprepair Capacity by Region 1986-2001 70Table 3.2.3 World Shiprepair Capacity by Ship Sizes 1986-2001 70Table 3.3.1 North Europe: Shiprepair Capacity by Nation & Size Sector, 2001 74Table 3.3.2 North Europe: Shiprepair Capacity to 2003 - by Region & Size Sector 79Table 3.4.1 South Europe/Mediterranean: Shiprepair Capacityby Nation & Size Sector, 2001 81Table 3.4.2 South Europe/Mediterranean: Shiprepair Capacity by Size Sector, 1986-2001 82Table 3.4.3 South Europe/Mediterranean: Shiprepair Capacity to 2003- by Region & Size Sector 87Table 3.5.1 Middle East: Shiprepair Capacity by Nation & Size Sector, 2001 90Table 3.5.2 Middle East: Shiprepair Capacity by Size Sector, 1986-2001 90Table 3.5.3 Middle East: Shiprepair Capacity to 2003 - by Size Sector 91Table 3.6.1 South Asia: Shiprepair Capacity by Nation & Size Sector, 2001 92Table 3.6.2 South-East Asia: Shiprepair Capacity by Nation & Size Sector, 2001 92Table 3.6.3 Singapore: Shiprepair Capacity by Size Sector, 1986-2001 94Table 3.6.4 India: Shiprepair Capacity by Size Sector, 1986-2001 96
  • Table 3.6.5 South Asia: Shiprepair Capacity to 2003 - by Nation & Size Sector 100Table 3.6.6 South-East Asia: Shiprepair Capacity to 2003 - by Nation & Size Sector 101Table 3.7.1 East Asia: Shiprepair Capacity by Nation & Size Sector, 2001 104Table 3.7.2 South Korea: Shiprepair Capacity by Size Sector, 1986-2001 104Table 3.7.3 Japan: Shiprepair Capacity by Size Sector, 1986-2001 105Table 3.7.4 East Asia: Shiprepair Capacity to 20For more information, please visithttp://www.aarkstore.com/reports/The-World-Ship-Repair-Market-to-2015-13669.htmlContact :SanaaAarkstore EnterpriseTel : +912227453309Mobile No: +919272852585Email : contact@aarkstore.com