PRLog - May 30, 2009 - Shiprepair activity improved over 2000/2001, benefiting both emerging and established facilities worldwide. However, competition remains strong, with low cost centres influencing developments in all regions. Pressures to improve profitability remain - particularly among established yards - prompting mergers, re-organisation and significant investments.
Over the near term, a weakening world economy and depressed freight rates are expected to test the resolve of shiprepair industries, intensifying competition and leading to further rationalisation. Pressure to improve maintenance standards and vessel safety is mounting, with the IMO regulations regarding the phase-out of single hull tankers set to have a profound impact on fleet developments and repair demand through to 2015.
The next fifteen years are expected to witness a number of significant changes in shiprepair activity, with ongoing improvements in skills and quality of work offered by emerging nations - particularly in China, the Baltic and East Mediterranean. Established repair centres arc expected to intensify their efforts to secure market share, concentrating on low deviation and specialist markets. Intense competition is expected to encourage greater co-operation between yards over the forecast period, as well as improvements in working practices, efficiency and safety.
This Report - the 5th in-depth shiprepair industry analysis published by OSC - highlights the current/recent developments throughout the industry, and presents detailed forecasts on what is likely to be witnessed over the period to 2015 in the areas of:
* Shiprepair Demand
* Dock Capacity
* Dock Utilisation
* Regional Repair Activity & Capacity
* Repair Prices
* Repair Activity by Vessel Type/Size
The Report provides an invaluable independent set of detailed analyses on the future development prospects for all aspects of ship repair and conversion. It is essential reading for all parties with an interest in this sector.
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