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An Overview on the Shipbuilding Market in Current Period and Forecast

Author

Listed:
  • Carmen Gasparotti

    (Dunarea de Jos University of Galati)

  • Eugen Rusu

    (Dunarea de Jos University of Galati)

Abstract

The work presents the evolution of the shipbuilding market for the period 2002-2017 and the forecast for the period 2018-2035. Following the dynamics of the shipbuilding market in the period under review, in close connection with the world economic growth, the authors highlight the differences in the precrisis period of 2008 and beyond. The study provides information on the evolution of the order book, new orders and deliveries pre-and post-crisis, from which resulting their downward in the post-crisis period, especially for the standard ships that face a surplus of ships. The forecast by SEA Europe and other major shipbuilding associations for the period 2018-2035 shows that the ship demand will be rising, although at a relatively low rate. Analyzing the world market shares by country/region for the 2014-2017 period, it result that the Asian countries dominated the standard ship market, while the European shipyards have specialized in high-value vessels.

Suggested Citation

  • Carmen Gasparotti & Eugen Rusu, 2018. "An Overview on the Shipbuilding Market in Current Period and Forecast," EuroEconomica, Danubius University of Galati, issue 3(37), pages 254-271, November.
    • Handle: RePEc:dug:journl:y:2018:i:3:p:254-271
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    File URL: http://journals.univ-danubius.ro/index.php/euroeconomica/article/view/5134/4741
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