This report, “Global Ship building Market” analyzes the development of the market. For more mail: vikas@konceptanalytics.com

1. Global Shipbuilding Market Report
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2015

2. Executive Summary
The shipbuilding industry is involved in the construction and modification of ships and these operations are carried out in specialized facilities
called shipyards. The industry builds ships for commercial as well as military purposes. The shipbuilding market is segmented on the basis of
ship type: Bulkers, Tankers, Containers, LPG & LNG and other special vessels. Shipbuilding industry is mostly dominated by Asian players,
such as South Korea, China and Japan. Traditional large shipbuilders in the region, such as Korea, China, and Japan, as well as Southeast
Asia, are enhancing their offshore capabilities and providing a single marine solution for both shipbuilding and offshore.
In 2014, the global demand for shipbuilding declined primarily due to slow economic growth and imbalance in supply and demand of ship.
The weaker demand was also due to increase in shipbuilding price and demand in 2013 along with freight rate declines in containership and
bulk carrier that collectively contributed in decline of demand when compared to 2013.
This report, “Global Shipbuilding Market” analyzes the development of the market on both global and regional level. Regional markets such
as China, South Korea, Japan, Europe and other emerging markets have been analyzed. The major trends, growth drivers as well as issues
being faced by the industry are being presented in this report. Increasing seaborne trade, strong commercial vessel market and increasing
GDP of world economies among others are acting as growth drivers of the industry. Weakened ship prices and continued weakness in
drillship new order market are some of the key trends of the industry.
The industry is predominated by a handful of players including Hyundai Heavy Industries, Daewoo Shipbuilding, Mitsubishi Heavy Industries
and Samsung Heavy Industries. The shipbuilding companies function in an extremely competitive environment with productivity, development
capabilities and the skills and competence being the key aspects.

3. One of the major challenges faced by shipbuilding industry is orders backlog in the shipyard.
 In 2014, global shipbuilding deliveries totaled … million GT, a
decrease of …% from … million GT in 2013. Shipbuilding
deliveries was at its peak in the year 2011 with volume … million
GT. In 2015, shipbuilding deliveries are estimated to slightly
increase to … million GT.
 Global shipbuilding orderbook from 2008 declined continuously up
till 2012 by … million GT. However, the year 2013 witnessed an
increase of … million GT and in 2014 it was … million GT, an
increase of …% from … million GT of previous year.
 Global shipbuilding completions from 2008 to 2014 reflect a bell
shaped curve with highest … million GT completions in 2011.
However, in 2014 completions declined by …% to … million GT
from … million GT in 2013.
Global Shipbuilding Orderbook (2008-2014)
Global Shipbuilding Deliveries (2008-2016E)
Global Shipbuilding Completions (2008-2014)
2008 2009 2010 2011 2012 2013 2014 2015E 2016E
MillionGT
2008 2009 2010 2011 2012 2013 2014
MillionGT
2008 2009 2010 2011 2012 2013 2014
MillionGT

4. By product, crude oil is traded more among others through sea.
 The global shipbuilding new orders have gone through
many ups and downs during 2008 to 2014 with highest
new orders of .. million GT in 2013. In 2014, it was ...
million GT, a decrease of ..% from prior year.
 Global shipbuilding industry is directly affected by world
seaborne trade. From 2009 onwards volume of seaborne
trade is increasing continuously from … billion tonnes to
… billion tonnes in 2013 at a CAGR of ..%. It is estimated
that seaborne trade volume reached … billion tonnes in
2014, representing an increase of …% from 2013.
 Demand for commercial vessels remains sluggish. To
date in 2015, the global new order volume for
commercial vessels stands at … million DWT. Though,
new orders for large-sized containership will accelerate
by year end.
Global Seaborne Trade (2009-2014E)
Global Shipbuilding New Orders (2008-2014)
Global Commercial Vessel Market (2008-2014)
2008 2009 2010 2011 2012 2013 2014
MillionGT
2009 2010 2011 2012 2013 2014E
BillionTonnes
2008 2009 2010 2011 2012 2013 2014
MillionDWT

5. The Korean shipbuilding industry outperformed Chinese firms in the amount of ship deliveries in the last
five years .
 In 2014, China’s new orders and completions witnessed a
decrease of ..million GT and … million GT when compared
to 2013. In contrast, orderbook increased by … million GT
to … million GT in 2014.
 The Korean shipbuilding industry has performed generally
well in the recent past. However, since 2011 output has
gradually declined, to … million GT in 2014, reflecting a
sharp drop in new contracts after the financial crisis.
However, the orderbook is recovering from 2012 onwards
reaching to … million GT in 2014.
 In 2014, Japan witnessed an increase in new orders by …
million GT reaching to … million GT, also total orderbook
increased from …million GT in 2013 to … million GT in
2014. In contrast, shipbuilding completions declined slightly
by …% to … million GT in 2014.
South Korea's Shipbuilding Activity (2008-2014)
China’s Shipbuilding Activity (2008-2014)
Japan's Shipbuilding Activity (2008-2014)
2008 2009 2010 2011 2012 2013 2014
MillionGT
New Orders Completions Orderbook
2008 2009 2010 2011 2012 2013 2014
MillionGT
New Orders Completions Orderbook
2008 2009 2010 2011 2012 2013 2014
MillionGT
New Orders Completions Orderbook

6. The shipbuilding market is segmented on the basis of ship type, of which Bulkers make up the largest
demand.
• Prospects for the global shipbuilding industry in 2015 do not appear overly positive. With an already-large orderbook in all of the three major
shipping market sectors (bulk carriers, container ships, and tankers), there appears little opportunity for shipyards to increase relatively low, and
in many cases unprofitable, pricing levels as new orders continue on their downward spiral. The major shipbuilding groups in South Korea and
China are certainly focusing their marketing strategies on other vessel sectors, with the liquefied natural gas (LNG) and larger liquefied
petroleum gas (LPG) sectors now being the focus of most attention. While there is certainly new business in the offing, and shipbuilding
production in 2015 will continue at high levels because of ordering boom of 2013 and 2014, in general the shipping markets are expected to
continue to be over tonnage throughout much of 2015.
• In 2014, the global demand for shipbuilding declined by … million GT to … million GT primarily due to slow economic growth and imbalance in
supply and demand of ship. The weaker demand was also due to increase in shipbuilding price and demand in 2013 along with freight rate
declines in containership and bulk carrier that collectively contributed in decline of demand by …% in 2014 when compared to 2013.
• In 2015, the lower demand for offshore vessel, investment decline in Eco-ship, higher level of backlog and with demand expected in mega-sized
containership, LNGC, VLCC the global demand for shipbuilding is expected to reach … million GT similar to 2014. Global capacity is estimated
to remain within the bracket of … to … million GT up to 2018.
Global Demand Market Outlook for Shipbuilding (2013-2018E)
2013 2014 2015E 2016E 2017E 2018E
MillionGT

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