Global Shipbuilding Market Report: 2014 Edition
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.
The shipbuilding companies function in an extremely competitive environment with productivity; development capabilities; and the skills and competence being the key aspects. The shipbuilding industry is chiefly dominated by players such as Hyundai Heavy Industries, Daewoo Shipbuilding, Mitsubishi Heavy Industries and Samsung Heavy Industries.
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.
The shipbuilding companies function in an extremely competitive environment with productivity; development capabilities; and the skills and competence being the key aspects. The shipbuilding industry is chiefly dominated by players such as Hyundai Heavy Industries, Daewoo Shipbuilding, Mitsubishi Heavy Industries and Samsung Heavy Industries.
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
2.2.2 Japan
New Orders
Completions
Orderbook
Deliveries
2.2.3 China
New Orders
Completions
Orderbook
Deliveries
2.2.4 Europe
New Orders
Completions
Orderbook
2.2.5 Emerging Markets
India
Vietnam
Philippines
Brazil
Turkey
3. SHIPBUILDING SEGMENT ANALYSIS
3.1 Tanker
3.1.1 Market Size
3.1.2 Market Outlook
3.2 Bulk Carrier
3.2.1 Market Size
3.2.2 Market Outlook
3.3 Containerships
3.3.1 Market Size
3.3.2 Market Outlook
3.4 LPG/LNG Carrier
3.4.1 Market Size
3.4.2 Market Outlook
4. MARKET DYNAMICS
4.1 Key Trends
4.1.1 Recovering Shipbuilding Industry
4.1.2 Dominating Countries Korea China Japan
4.1.3 Crude Tankers – A Growing Segment
4.1.4 Decline in Dry Bulk Share
4.1.5 Rising Global GDP
4.1.6 Commercial Vessels
4.2 Challenges
4.2.1 Environmental Regulations
4.2.2 Rising Fuel Costs
4.3 Industry Developments
4.3.1 Green Fuelled Ships
4.3.2 Robotics in Shipbuilding
4.3.3 Virtualization in Shipbuilding
5. COMPETITIVE LANDSCAPE
5.1 Global Market
5.2 Korea
5.3 Japan
6. COMPANY PROFILES
6.1 Hyundai Heavy Industries
6.1.1 Business Overview
6.1.2 Financial Overview
6.1.3 Business Strategies
Leadership in Shipbuilding Industry
Focus on Research and Development
6.2 Samsung Heavy Industries
6.2.1 Business Overview
6.2.2 Financial Overview
6.2.3 Business Strategies
Offering Unparalleled Cost Competitiveness
Focus on Eco Friendly Shipbuilding
6.3. Daewoo Shipbuilding and Marine Engineering
6.3.1 Business Overview
6.3.2 Financial Overview
6.3.3 Business Strategies
Focus on Research and Innovation
6.4 Mitsubishi Heavy Industries
6.4.1 Business Overview
6.4.2 Financial Overview
6.4.3 Business Strategies
Technical Advancements
Step Up Business Expansion
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
2.2.2 Japan
New Orders
Completions
Orderbook
Deliveries
2.2.3 China
New Orders
Completions
Orderbook
Deliveries
2.2.4 Europe
New Orders
Completions
Orderbook
2.2.5 Emerging Markets
India
Vietnam
Philippines
Brazil
Turkey
3. SHIPBUILDING SEGMENT ANALYSIS
3.1 Tanker
3.1.1 Market Size
3.1.2 Market Outlook
3.2 Bulk Carrier
3.2.1 Market Size
3.2.2 Market Outlook
3.3 Containerships
3.3.1 Market Size
3.3.2 Market Outlook
3.4 LPG/LNG Carrier
3.4.1 Market Size
3.4.2 Market Outlook
4. MARKET DYNAMICS
4.1 Key Trends
4.1.1 Recovering Shipbuilding Industry
4.1.2 Dominating Countries Korea China Japan
4.1.3 Crude Tankers – A Growing Segment
4.1.4 Decline in Dry Bulk Share
4.1.5 Rising Global GDP
4.1.6 Commercial Vessels
4.2 Challenges
4.2.1 Environmental Regulations
4.2.2 Rising Fuel Costs
4.3 Industry Developments
4.3.1 Green Fuelled Ships
4.3.2 Robotics in Shipbuilding
4.3.3 Virtualization in Shipbuilding
5. COMPETITIVE LANDSCAPE
5.1 Global Market
5.2 Korea
5.3 Japan
6. COMPANY PROFILES
6.1 Hyundai Heavy Industries
6.1.1 Business Overview
6.1.2 Financial Overview
6.1.3 Business Strategies
Leadership in Shipbuilding Industry
Focus on Research and Development
6.2 Samsung Heavy Industries
6.2.1 Business Overview
6.2.2 Financial Overview
6.2.3 Business Strategies
Offering Unparalleled Cost Competitiveness
Focus on Eco Friendly Shipbuilding
6.3. Daewoo Shipbuilding and Marine Engineering
6.3.1 Business Overview
6.3.2 Financial Overview
6.3.3 Business Strategies
Focus on Research and Innovation
6.4 Mitsubishi Heavy Industries
6.4.1 Business Overview
6.4.2 Financial Overview
6.4.3 Business Strategies
Technical Advancements
Step Up Business Expansion
LIST OF CHARTS
Global New Shipbuilding Orders (2010 2014E)
Global Shipbuilding Completions and Orderbook (2009 2013)
Worldwide Fleet Growth (2010 2015E)
Newbuilding Price Index of Shipbuilding Industry (2009 Jan 2014)
World Seaborne Trade in Tonnes (2009 2013E)
Shipbuilding Completions by Countries (2013)
Global Shipbuilding Orderbook by Region (2013)
Global Shipbuilding Delivery by Region (2013)
Global Shipbuilding Contracting by Region (2013)
South Korean Shipbuilding Activity (2008 2013)
Ship Deliveries in South Korea by DWT (2008 2013)
Japan’s Shipbuilding Activity (2008 2013)
Ship Deliveries in Japan by DWT (2008 2013)
China’s Shipbuilding Activity (2008 2013)
Ship Deliveries in China by DWT (2008 2013)
European Shipbuilding Activity (2008 2013)
European Shipbuilding Orderbook by Country (2013)
Emerging Markets Shipbuilding Orderbook (2013)
Indian Shipbuilding Activity (2008 2013)
Vietnam Shipbuilding Activity (2008 2013)
The Philippines Shipbuilding Activity (2008 2013)
Brazil Shipbuilding Activity (2008 2013E)
Turkey Shipbuilding Activity (2008 2013)
New Orders of Tankers (2010 2014E)
Completions of Tankers (2010 2013)
Delivery of Tankers (2008 2015E)
New Orders of Bulk Carriers (2010 2014E)
Completions of Bulk Carriers (2010 2013)
Delivery of Bulkers and Combos (2008 2015E)
Containerships Market Regional Share (2013)
Global New Orders of Containerships (2010 2014E)
Completions of Containerships (2010 2013)
Delivery of Containerships (2008 2015E)
Global New Orders of LNG Carrier (2010 2014E)
Completions of LNG Carriers (2010 2013)
Delivery of LNG Carrier (2008 2015E)
Delivery of LPG Carrier (2008 2015E)
Global Dry Bulk Trade (2013E)
Global Dry Bulk Vessel Orderbook as % of Total Fleet (2007 2013E)
Global GDP and Trade Growth (2011 2014E)
Global LNG Carrier Orders (2010 2013E)
New Orders of Korean Shipbuilding (2011 2014E)
Drillship Orderbook for Korean Big 3 (2014E 2016E)
HHI’s Revenues by Business Segments (2013)
HHI’s Revenues (2011 2013)
SHI’s Revenues by Business Segments (2013)
SHI’s Revenues (2009 2013)
Daewoo Revenues and Net Income (2009 2013)
MHI’s Revenues by Business Segments (2013)
Global New Shipbuilding Orders (2010 2014E)
Global Shipbuilding Completions and Orderbook (2009 2013)
Worldwide Fleet Growth (2010 2015E)
Newbuilding Price Index of Shipbuilding Industry (2009 Jan 2014)
World Seaborne Trade in Tonnes (2009 2013E)
Shipbuilding Completions by Countries (2013)
Global Shipbuilding Orderbook by Region (2013)
Global Shipbuilding Delivery by Region (2013)
Global Shipbuilding Contracting by Region (2013)
South Korean Shipbuilding Activity (2008 2013)
Ship Deliveries in South Korea by DWT (2008 2013)
Japan’s Shipbuilding Activity (2008 2013)
Ship Deliveries in Japan by DWT (2008 2013)
China’s Shipbuilding Activity (2008 2013)
Ship Deliveries in China by DWT (2008 2013)
European Shipbuilding Activity (2008 2013)
European Shipbuilding Orderbook by Country (2013)
Emerging Markets Shipbuilding Orderbook (2013)
Indian Shipbuilding Activity (2008 2013)
Vietnam Shipbuilding Activity (2008 2013)
The Philippines Shipbuilding Activity (2008 2013)
Brazil Shipbuilding Activity (2008 2013E)
Turkey Shipbuilding Activity (2008 2013)
New Orders of Tankers (2010 2014E)
Completions of Tankers (2010 2013)
Delivery of Tankers (2008 2015E)
New Orders of Bulk Carriers (2010 2014E)
Completions of Bulk Carriers (2010 2013)
Delivery of Bulkers and Combos (2008 2015E)
Containerships Market Regional Share (2013)
Global New Orders of Containerships (2010 2014E)
Completions of Containerships (2010 2013)
Delivery of Containerships (2008 2015E)
Global New Orders of LNG Carrier (2010 2014E)
Completions of LNG Carriers (2010 2013)
Delivery of LNG Carrier (2008 2015E)
Delivery of LPG Carrier (2008 2015E)
Global Dry Bulk Trade (2013E)
Global Dry Bulk Vessel Orderbook as % of Total Fleet (2007 2013E)
Global GDP and Trade Growth (2011 2014E)
Global LNG Carrier Orders (2010 2013E)
New Orders of Korean Shipbuilding (2011 2014E)
Drillship Orderbook for Korean Big 3 (2014E 2016E)
HHI’s Revenues by Business Segments (2013)
HHI’s Revenues (2011 2013)
SHI’s Revenues by Business Segments (2013)
SHI’s Revenues (2009 2013)
Daewoo Revenues and Net Income (2009 2013)
MHI’s Revenues by Business Segments (2013)
LIST OF TABLES
New Orders for Bulk Carriers, Tankers and Containerships (2009 2013)
Competitive Advantages Offered by World Shipbuilding Companies
LNG Carrier Orders (2013)
Japan’s Largest Shipbuilding Companies Yards Controlled (2013)
New Orders for Bulk Carriers, Tankers and Containerships (2009 2013)
Competitive Advantages Offered by World Shipbuilding Companies
LNG Carrier Orders (2013)
Japan’s Largest Shipbuilding Companies Yards Controlled (2013)