The global shipbuilding industry comprises the production of several vessels such as bulk carriers, tankers, and container ships, deployed for serving varied purposes. The global shipbuilding market has witnessed remarkable fluctuations.
The very industry grew continuously from 2003 till 2007, but the industrial output moved in the negative quadrant during 2008-2009 on account of the ragged macro-economic conditions and financial crisis. The industry did perform modestly better in 2010, but again collapsed in 2011. The sluggish movement of global shipbuilding market was reflective of weak economic fundamentals, euro zone debt crisis, and unavailability of shipping loans.
Outlook for 2013 appears bleak on account of over-capacities. The over-capacities are results of two key factors: the huge productivity improvements in shipyards over the last 30 years; and the over-investment in the industry.
The Global Shipbuilding Market Report: 2013 Edition research says shipbuilding industry is largely subjugated by Asian players, such as South Korea, China and Japan. China reined the market with the largest order-book in 2012, while Korea re-established its leadership position in new-building order activity. The emerging nations of the world such as India, Vietnam, Brazil, the Philippines, and Turkey recorded significant growth in their domestic shipbuilding industry.
In 2012, the total shipyard orders declined as more tonnage was delivered than contracted. Only one-third of global yard capacity was in demand during the period cited. Small and medium-sized shipyards struggled to meet their delivery schedules. Therefore, it is expected that many yards will be running out of orders in the year 2013 and 2014.
VIETNAM SHIPBUILDING NEWS 