virtual ® 25-Ноя-2018 21:37

Shipbuilding Market development Q2 2018


Year: 2018
Language: english
Author: OECD
Genre: Research papers
Format: PDF
Quality: eBook
Pages count: 23
Description: The present paper presents an overview of the current market situation in shipbuilding
based on data available until April 2018. The report is divided into three sections. In the
first part we briefly look at economic and regulatory developments that might have an
impact on shipbuilding. The second part tries to shed some light on shipbuilding demand
by looking at recent trends in contracts and the orderbook as well as prices. Finally, the
third part elaborates on shipbuilding supply by detailing market shares among countries
and companies.
According to the OECD March 2018 Interim Economic Outlook, global GDP growth will
further gain strength in 2018 and 2019 with an expected annual growth of 3.9%. While
trade, with a projected growth rate of approximatively 4% in 2018 and 2019, and private
investment have bounced back, new tensions and key vulnerabilities could derail the
recovery.
In this context of relatively high global GDP growth and recovery in trade volumes,
future demand growth for shipping is expected to grow by 3.4% in 2018, with differences
among ship types. While UNCTAD expects an annual growth of containerised trade by
5.0% and bulker trade by 5.6% until 2022, crude oil trade is expected to increase by only
1.2%. Although shipbuilding demand is not monotonically related to demand for
shipping, these projections give some indication of the longer term direction of ship
demand to be considered, in addition to the replacement of existing ships being scrapped.

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