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World-Wide Shipbuilding Industry

NEW CONTRACTS 2010 (1Q)
COD Builder Number of vessels Share (%) DWT Share (%)
Korea (South) 67 34,5% 5 538 100 48,7%
China 60 30,9% 3 774 805 33,2%
Philippines 6 3,1% 1 079 000 9,5%
Japan 11 5,7% 594 470 5,2%
Russia 20 10,3% 124 660 1,1%
Croatia 2 1,0% 103 000 0,9%
United States 13 6,7% 54 450 0,5%
Germany 2 1,0% 28 500 0,3%
Italy 2 1,0% 21 800 0,2%
Singapore 1 0,5% 20 000 0,2%
Turkey 2 1,0% 17 000 0,1%
Others 8 4,1% 25 600 0,2%
Grand Total 194 100,0% 11 381 385 100,0%

WORLD ORDERBOOK AT YEAR-END - 2009

CountryNumber of
ships
Gross tons
'000GT
Gross tons
share (%)
China (People's Republic)3,523111,14837.0
Korea (South)1,675104,25234.7
Japan1,28651,96617.3
Philippines1146,6902.2
India2613,4241.1
Vietnam2873,0941.0
China (Republic of Taiwan)472,2220.7
Brazil1182,1180.7
Germany851,9880.7
Romania1111,9440.6
Italy831,9650.7
Turkey251,1160.4
Croatia368320.3
Spain1206560.2
Denmark125550.2
U.S.A.985260.2
Netherlands844520.2
France94380.1
Finland63350.1
Poland823270.1
Singapore1072970.1
Norway32910.0
Sweden2240.0
Portugal3110.0
Greece430.0
U.K.710.0
Belgium000.0
Europe total4476,5202.2
Others8094,0361.3
Bangladesh
Ukraine
Russia
World Total9,226 300,511100

Commercial Shipbuilding - World Orderbook 2001

Gross Tonnage 1,000 and Above as of September 30, 2001 (Thousands)

Country of build Ship
rank
Number of
ships
Gross
tons
Gross
rank
Korea (South) 1 507 31,299 1
Japan 2 455 19,153 2
China (People's Republic) 3 307 5,433 3
Poland 5 132 2,806 4
Germany 7 100 2,253 5
Italy 10 65 2,221 6
Croatia 14 50 1,554 7
United States 15 46 1,038 8
China (Republic of Taiwan) 17 32 961 9
Finland 22 13 871 10
Romania 6 103 871 11
Spain 8 92 691 12
France 19 23 668 13
Netherlands 4 196 578 14
Denmark 23 13 529 15
Ukraine 18 30 436 16
Russia 9 79 356 17
Philippines 24 11 338 18
Singapore 11 54 328 19
Turkey 12 54 273 20
Total top 20 country of build   2,362 72,667  
Percent of total world orderbook   89.1 98.7  
Vietnam .. .. .. ..
United Kingdom .. .. .. ..
Sweden .. .. .. ..
Total world orderbook   2,648 73,581  

SOURCE: Lloyd's Maritime Information Services, World Shipbuilding Statistics (London: July 2001).

  • South Korea and Japan account for 69 percent of the gross tonnage of ships on order as of July 2001.
  • Gross tonnage on order in 2001 was 37 percent higher than a year earlier.

The United States Shipbuilding Industry is a dichotomy. The US builds the worlds most technologically advanced warships but remains non-competitive in the large commercial vessel international market. High labor and material costs and low productivity have essentially erased the global market share for large US-built commercial ships. On the other hand, cheap labor and materials, smart business practices, and heavy government investment have led to substantial market shares for the Asian rim.

Despite the current economic slump, the worldwide market for navy ships is expected to grow, market analysts said. Visiongain, a London-based firm, predicts global expenditures to rise 5.2 percent annually, doubling from $75.5 billion in 2011 to $124.6 billion in 2021. "In spite of the declining defense spending in the West, the procurement of major naval vessels is likely to continue," the firm's Warships and Naval Vessels Market, 2011-2021 report predicted.

Daniel Harrison, industry analyst manager at Visiongain, told National Defense that there is a clear East/West divide when it comes to the naval market. Lower cost labor and materials required to build hulls is found in non-U.S. and European countries. "In contrast, the advanced western technologies that transform any hull into a formidable war fighting vessel are still predominantly supplied by western contractors. The retraction in defense budgets globally - which has had the effect of slowing the procurement of new platforms and shifting to lower cost retrofitting and upgrading or even converting existing platforms - has clearly created stronger market opportunities in this area," he wrote in 2011.





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