Global Shipbuilding Market 2012 Edition - New Report by Koncept Analytics


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The report analyzes the global shipbuilding market with focus on Europe, Korea, Japan and China. It also discusses the major growth drivers and challenges for the shipbuilding market. The report presents the competitive structure of the industry and profiles major players with a discussion of their key business strategies.

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Global Shipbuilding Market 2012 Edition - New Report by Koncept Analytics

  1. 1. View Report DetailsGlobal Shipbuilding Market -------------------------------- 2012
  2. 2. View Report DetailsExecutive SummaryThe global shipbuilding industry is characterized by cyclic growth witnessing many crests and troughs since 1960s. The industryenjoyed a boom period from 2003-2007, while a sudden contraction was observed in the shipbuilding activities during 2008-2009amid the severe economic and financial crisis, which engulfed the entire world. The market again collapsed in 2011 after a shortstint of recovery in the prior year. The sluggish world shipbuilding market was reflective of weak economic fundamentals, eurozonedebt crisis, and reduced availability of shipping loans. The shipbuilding outlook for 2012 appears bleak on account of continuedvolatility in the European capital markets, tighter ship financing, and continued fall in newbuilding prices.The dominance of Asian regions in the global shipbuilding market continues unabated. China led the market with the largestorderbook in 2011, while Korea reestablished its leadership position in newbuilding order activity. At the same time, the emergingregions of the world such as India, Vietnam, Brazil, the Philippines, and Turkey display enormous growth potential and areconstantly striving to compete for a larger share in the global market. The shipbuilding industry manufactures a wide variety ofvessels serving varied purposes, of which bulk carriers, tankers, and container ships form the major categories. While, the offshoreand specialized vessels market is also fast expanding in response to rapidly changing market scenario.The global shipbuilding market is undergoing massive structural changes on account of contraction in the newbuilding activity andthe growing need for business diversification in favor of offshore/onshore plants, offshore support vessels, etc. Furthermore, thefocus area of investments by the large financial institutions is shifting towards energy related businesses over commercialshipbuilding. Moreover, research and innovation is at the core of shipbuilding industry, with companies across the globe remainfocused on introducing technologically advanced and eco-friendly products. Despite the unfavorable near term outlook, certainfactors will prove to be growth catalysts for the global shipbuilding market, including increasing oil demand and rising natural gasconsumption. Driven by the same, along with other factors, the global shipbuilding market is expected to resume growth from 2013onwards.The shipbuilding companies operate in a highly competitive environment with key factors responsible for competition beingproductivity and production range of shipyards, research and development capabilities, and the level of worker skill andcompetence, among others. The market is dominated by mainly Korean players, with Hyundai Heavy Industries, DaewooShipbuilding and Marine Engineering, and Samsung Heavy Industries being the leading players, also referred as Korean Big-3.The report analyzes the global shipbuilding market with focus on Europe, Korea, Japan and China. It also discusses the majorgrowth drivers and challenges for the shipbuilding market. The report presents the competitive structure of the industry and profilesmajor players with a discussion of their key business strategies.
  3. 3. Cyclic growth in the global shipbuilding market… Global New Shipbuilding Orders (in terms of CGT): 2005-2011  The global new shipbuilding orders reached approximately ……..million CGT in 2011, down approximately……% over ………..million CGT in 2010.  The decline in new shipbuilding orders in 2011 was the mainly the result of ……………, ……………., ………………., and …………., among other factors.  In 2011, the global shipbuilding completions plummeted by approximately ……..% to ………..million CGT compared to ………million CGT in 2010.  The shipbuilding orderbook represented just about ……… …of the total fleet in service in 2011.  The new shipbuilding price index depicted a Global Shipbuilding Completions and Orderbook: 2005-2011 downward trend reaching approximately ……... points at end of 2011, down by …….% compared to a year ago; while further reducing to ………points at the end of June 2012.  Orders for nearly ……….vessels were cancelled in 2011 as against ………vessels in 2010, marking a steep decline of about ……….%.  The deliveries in the global shipbuilding market were noted to be approximately ………..million DWT in 2011, representing a significant increase of about ……….% over 2008.
  4. 4. Asian regions continue to dominate the global shipbuilding market landscape… World Market Share in Global Shipbuilding Completions (%): 2011  China accounted for the largest share of about ………% in the global shipbuilding completions in 2011, followed by Korea with …….% share, and Japan with …….% share, during the mentioned period.  China also held the highest market share in global shipbuilding orderbook recorded in 2011, that is, approximately ……….%, immediately followed by …….. , among others.  Chinese shipbuilding orderbook and new orders marked a decline of about …….% and …….%, respectively, in 2011 compared to 2010; however, the shipbuilding completions increased by nearly…….% during the mentioned period. China’s Shipbuilding Activity: 2005-2011  Global leader in the manufacturing of complex vessels, European shipyards generate approximately US$ ……..billion turnover every year.  South Korean shipbuilding industry witnessed a noticeable decline in new order activity in 2011, with the same plummeting to ……..thousand GT during the cited period over the prior year.  An account of factors such as ……………………… Japan’s shipbuilding activity was hard hit during 2011.
  5. 5. High demand for LNG carriers compared to other traditional vessels… New Orders, Backlog, and Deliveries of Bulk Carriers: 2005-2011  The new orders for bulk carriers reduced by approximately........% to ........million CGT in 2011 as against ........million CGT in 2010. However, the deliveries of the same rose to nearly .....million CGT, during the mentioned period.  New orders and deliveries of tankers marked a decline of about .........% and .........%, during 2011 compared to a year ago period.  The demand for LNG carriers rose dramaically in the recent past, with new orders reaching approximately ..........million CGT in 2011, up ........% as compared to ...........million CGT in 2010. New Orders, Backlog, and Deliveries of LNG Carriers: 2005-2011 New Orders, Backlog, and Deliveries of Tankers: 2005-2011
  6. 6. Table of Contents List of Charts and Tables1. Overview Charts1.1 Shipbuilding: An Introduction Global New Shipbuilding Orders (in terms of CGT), 2005-20111.2 Shipbuilding Process Global New Shipbuilding Orders (in terms of DWT), 2005-20111.3 Ship Building Cycle Global Shipbuilding Completions and Orderbook, 2005-2011 Newbuilding Price Index, 2007-June 20122. Global Shipbuilding Market Shipbuilding Order Cancellations, 2010-2011 Shipbuilding Order Cancellations in terms of DWT, 2010-20112.1 New Order Growth Deliveries in the Global Shipbuilding Market, 2008-20112.2 New Building Prices World Market Share in Global Shipbuilding Completions, 20112.3 Cancellations World Market Share in Global Shipbuilding Orderbook, 20112.4 Deliveries Europe’s Shipbuilding Activity, 2005-20112.5 Regional Market Share South Korean Shipbuilding Activity, 2005-2011 Shipbuilding Order Cancellations in South Korea, 2010-20113. Shipbuilding Market - Regional Analysis Japan’s Shipbuilding Activity, 2005-2011 Newbuilding Deliveries from Japanese Shipyards, 2010-20113.1 Major Markets Japanese Export Ship Orders, May 2012-June 2012 China’s Shipbuilding Activity, 2005-20113.1.1 Europe Delivery Level in China’s Shipbuilding Industry, 2009-20113.1.2 South Korea Shipbuilding Order Cancellations in China, 20113.1.3 Japan Indian Shipyard’s Order Book, 2005-20113.1.4 China Indian Shipbuilding and Ship Repair Industry Market Value, FY12-FY15F Vietnam Shipyard’s Order Book, 2005-2011 The Philippines Shipyard Order Book, 2005-20113.2 Emerging Markets Brazil Shipyard’s Order Book, 2005-2011 Turkey Shipyard’s Order Book, 2005-20113.2.1 India Turkish Shipbuilding Industry Revenues, 20113.2.2 Vietnam New Orders, Backlog, and Deliveries of Tankers, 2005-20113.2.3 Philippines Tanker Newbuilding Orders and Prices Forecast, 2006-2013F3.2.4 Brazil New Orders, Backlog, and Deliveries of Tankers, 2005-20113.2.5 Turkey Bulk Carrier Newbuilding Orders and Prices Forecast, 2006-2013F New Orders, Backlog, and Deliveries of Containers, 2005-20114. Shipbuilding Market - Segments Analysis Containership Newbuilding Orders and Prices Forecast, 2006-2013F New Orders, Backlog, and Deliveries of LNG Carriers, 2005-20114.1 Tanker LNG Carrier Newbuilding Order and Price Forecast, 2010-2013F4.1.1 Market Size4.1.2 Market Outlook
  7. 7. 4.2 Bulker New Orders, Backlog, and Deliveries of Offshore and Other Vessels,4.2.1 Market Size 2005-20114.2.2 Market Outlook Massive Restructuring of Korean and Chinese Shipbuilding Industries, 2008-20124.3 Container Syndicated Loan Trend in Global Ship Financing Market, Q107-Q112 Composition of Traditional Ship Financing4.3.1 Market Size Global Outlook of LNG FPSO Deployment, 2016F-2020F4.3.2 Market Outlook Current Status of LNG-FPSO Projects The US syndicated Loan Trend by Industry, Q111-Q1124.4 LNG Carrier Dry Bulk Vessel Orderbook as % of Total Fleet, 2001-Q212 Global Oil Demand Forecasts, 2003-2011E4.4.1 Market Size Global Natural Gas Consumption, 2005-20114.4.2 Market Outlook Global Ship Financing Trend, 2002-2013F Newbuilding Price Forecast, 2007-2013F4.5 Offshore and Other Vessels Orderbook Trend of Korean-Big 3 Shipbuilding Companies, 2000-2011 HHI’s Revenues by Business Segments, 20104.5.1 Market Size HHI’s Revenues and Net Income, 2007-20114.5.2 Market Outlook SHI’s Revenues by Business Segments, 2011 SHI’s Revenues and Net Income, 2007-2011 DSME’s Revenues by Business Segments, 20115. Shipbuilding - Market Dynamics DSME’s Revenues and Net Income, 2007-2011 MHI’s Revenues by Business Segments, 20125.1 Trends & Developments MHI’s Revenues and Net Income, 2008-2012 Global New Shipbuilding Order Forecast (in terms of CGT), 2007-2014F5.1.1 Commencement of Second Phase of Restructuring5.1.2 Plummeted Syndicated loans for Ship Financing Tables5.1.3 LNG FPSO Contacts: A boon for the Korean-Big 35.1.4 Shifting Focus of Large financial institutions towards Energy Newbuilding Prices by Ship Types, 2009-June 2012Sector New orders Received by Key South Korean Shipbuilders, 2011-2012F5.1.5 Persistent Weakness in Dry Bulk Sector Turkey’s Shipbuilding Exports, 2009-20115.1.6 Membrane-Type Cargo Hold for LNG Carriers Global GDP and World Trade Growth Forecasts (%), 2010-2013E Competitive Advantages Offered by World Shipbuilding Companies5.2 Growth Drivers Korean Big-3 Market Share (%) in New Orders by Vessel Type, 2009- 2013E5.2.1 World GDP Growth Details of New Orders YTD: Korean Big 35.2.2 Increase in Global Oil Demand5.2.3 Growing Consumption of Natural Gas
  8. 8. 5.3 Challenges 7.4 Mitsubishi Heavy Industries, Ltd.5.3.1 Contracted Ship Financing5.3.2 Decline in Newbuilding Prices Business Description Key Financials6. Competitive Scenario Business Strategies Step Up Business ExpansionCompetitive Overview Consolidation of Business SegmentsMarket Share 8. Global Market Outlook7. Company Profiles7.1 Hyundai Heavy Industries Co., Ltd.Business DescriptionKey FinancialsBusiness StrategiesStrategic Leadership in Ship-Building RealmFocus on Reducing Emissions7.2 Samsung Heavy Industries Co., Ltd.Business DescriptionKey FinancialsBusiness StrategiesUnparalleled Cost CompetitivenessFocus on Eco-Friendly Shipbuilding7.3 Daewoo Shipbuilding and Marine Engineering Co., Ltd.Business DescriptionKey FinancialsBusiness StrategiesFocus on Research and InnovationStrategic Partnerships
  9. 9. View Report Details Contact Us:These are abridged and sanitized sample pages from the comprehensive report on the “Global Shipbuilding Market”. To knowmore about this report or for any customized research requirement, please contact the following: Koncept Analytics CS-36, Second Floor, Ansal Plaza Vaishali, Ghaziabad, U.P. – 201010 Vikas Gupta T. +91-120-4130959 BD Manager C: +91-9811715635