Evaluation of Global and Local Shipbuilding Market

Khandakar Akhter Hossain

doi:doi:10.11648/j.stpp.20230702.12

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Evaluation of Global and Local Shipbuilding Market

Khandakar Akhter Hossain

Published in Science, Technology & Public Policy (Volume 7, Issue 2)

Received: 21 June 2023 Accepted: 12 July 2023 Published: 27 July 2023

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Abstract

The global shipbuilding market is commonly classified based on the primary ship type, end use, and regional demand. Notably, there is a consistent and strong demand for tankers, bulkers, gas carriers, containers, and cruise ships, which is expected to persist in the foreseeable future. It is projected that the global shipbuilding market will approach a value of approximately USD 200 billion within the next decade. This presents a noteworthy opportunity for small shipbuilding nations like Bangladesh, particularly in the niche market for small and medium-sized containers, tankers, multipurpose vessels, cargo ships, and specialized ship types ranging from 3000 to 10000 DWT. In addition, there has been a recent surge in foreign direct investment (FDI) within the shipbuilding sector, as countries such as China, Turkey, and the Netherlands have expressed keen interest in this industry. This development further enhances the prospects for growth and expansion. Consequently, this study provides a comprehensive analysis of the global and local shipbuilding markets, with the objective of identifying the suitable market segments for future development in the local shipbuilding industry.

Published in	Science, Technology & Public Policy (Volume 7, Issue 2)
DOI	10.11648/j.stpp.20230702.12
Page(s)	52-68
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2023. Published by Science Publishing Group

Keywords

Global Market, Local Market, Over-Capacity, Supply-Imbalance

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APA Style

Khandakar Akhter Hossain. (2023). Evaluation of Global and Local Shipbuilding Market. Science, Technology & Public Policy, 7(2), 52-68. https://doi.org/10.11648/j.stpp.20230702.12

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ACS Style

Khandakar Akhter Hossain. Evaluation of Global and Local Shipbuilding Market. Sci. Technol. Public Policy 2023, 7(2), 52-68. doi: 10.11648/j.stpp.20230702.12

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AMA Style

Khandakar Akhter Hossain. Evaluation of Global and Local Shipbuilding Market. Sci Technol Public Policy. 2023;7(2):52-68. doi: 10.11648/j.stpp.20230702.12

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@article{10.11648/j.stpp.20230702.12,
  author = {Khandakar Akhter Hossain},
  title = {Evaluation of Global and Local Shipbuilding Market},
  journal = {Science, Technology & Public Policy},
  volume = {7},
  number = {2},
  pages = {52-68},
  doi = {10.11648/j.stpp.20230702.12},
  url = {https://doi.org/10.11648/j.stpp.20230702.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.stpp.20230702.12},
  abstract = {The global shipbuilding market is commonly classified based on the primary ship type, end use, and regional demand. Notably, there is a consistent and strong demand for tankers, bulkers, gas carriers, containers, and cruise ships, which is expected to persist in the foreseeable future. It is projected that the global shipbuilding market will approach a value of approximately USD 200 billion within the next decade. This presents a noteworthy opportunity for small shipbuilding nations like Bangladesh, particularly in the niche market for small and medium-sized containers, tankers, multipurpose vessels, cargo ships, and specialized ship types ranging from 3000 to 10000 DWT. In addition, there has been a recent surge in foreign direct investment (FDI) within the shipbuilding sector, as countries such as China, Turkey, and the Netherlands have expressed keen interest in this industry. This development further enhances the prospects for growth and expansion. Consequently, this study provides a comprehensive analysis of the global and local shipbuilding markets, with the objective of identifying the suitable market segments for future development in the local shipbuilding industry.},
 year = {2023}
}

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TY  - JOUR
T1  - Evaluation of Global and Local Shipbuilding Market
AU  - Khandakar Akhter Hossain
Y1  - 2023/07/27
PY  - 2023
N1  - https://doi.org/10.11648/j.stpp.20230702.12
DO  - 10.11648/j.stpp.20230702.12
T2  - Science, Technology & Public Policy
JF  - Science, Technology & Public Policy
JO  - Science, Technology & Public Policy
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PB  - Science Publishing Group
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AB  - The global shipbuilding market is commonly classified based on the primary ship type, end use, and regional demand. Notably, there is a consistent and strong demand for tankers, bulkers, gas carriers, containers, and cruise ships, which is expected to persist in the foreseeable future. It is projected that the global shipbuilding market will approach a value of approximately USD 200 billion within the next decade. This presents a noteworthy opportunity for small shipbuilding nations like Bangladesh, particularly in the niche market for small and medium-sized containers, tankers, multipurpose vessels, cargo ships, and specialized ship types ranging from 3000 to 10000 DWT. In addition, there has been a recent surge in foreign direct investment (FDI) within the shipbuilding sector, as countries such as China, Turkey, and the Netherlands have expressed keen interest in this industry. This development further enhances the prospects for growth and expansion. Consequently, this study provides a comprehensive analysis of the global and local shipbuilding markets, with the objective of identifying the suitable market segments for future development in the local shipbuilding industry.
VL  - 7
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Author Information

Khandakar Akhter Hossain

Department of Naval Architecture and Marine Engineering (NAME), Bangladesh University of Engineering and Technology (BUET), Dhaka, Bangladesh

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APA Style

Khandakar Akhter Hossain. (2023). Evaluation of Global and Local Shipbuilding Market. Science, Technology & Public Policy, 7(2), 52-68. https://doi.org/10.11648/j.stpp.20230702.12

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ACS Style

Khandakar Akhter Hossain. Evaluation of Global and Local Shipbuilding Market. Sci. Technol. Public Policy 2023, 7(2), 52-68. doi: 10.11648/j.stpp.20230702.12

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AMA Style

Khandakar Akhter Hossain. Evaluation of Global and Local Shipbuilding Market. Sci Technol Public Policy. 2023;7(2):52-68. doi: 10.11648/j.stpp.20230702.12

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@article{10.11648/j.stpp.20230702.12,
  author = {Khandakar Akhter Hossain},
  title = {Evaluation of Global and Local Shipbuilding Market},
  journal = {Science, Technology & Public Policy},
  volume = {7},
  number = {2},
  pages = {52-68},
  doi = {10.11648/j.stpp.20230702.12},
  url = {https://doi.org/10.11648/j.stpp.20230702.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.stpp.20230702.12},
  abstract = {The global shipbuilding market is commonly classified based on the primary ship type, end use, and regional demand. Notably, there is a consistent and strong demand for tankers, bulkers, gas carriers, containers, and cruise ships, which is expected to persist in the foreseeable future. It is projected that the global shipbuilding market will approach a value of approximately USD 200 billion within the next decade. This presents a noteworthy opportunity for small shipbuilding nations like Bangladesh, particularly in the niche market for small and medium-sized containers, tankers, multipurpose vessels, cargo ships, and specialized ship types ranging from 3000 to 10000 DWT. In addition, there has been a recent surge in foreign direct investment (FDI) within the shipbuilding sector, as countries such as China, Turkey, and the Netherlands have expressed keen interest in this industry. This development further enhances the prospects for growth and expansion. Consequently, this study provides a comprehensive analysis of the global and local shipbuilding markets, with the objective of identifying the suitable market segments for future development in the local shipbuilding industry.},
 year = {2023}
}

Copy | Download

TY  - JOUR
T1  - Evaluation of Global and Local Shipbuilding Market
AU  - Khandakar Akhter Hossain
Y1  - 2023/07/27
PY  - 2023
N1  - https://doi.org/10.11648/j.stpp.20230702.12
DO  - 10.11648/j.stpp.20230702.12
T2  - Science, Technology & Public Policy
JF  - Science, Technology & Public Policy
JO  - Science, Technology & Public Policy
SP  - 52
EP  - 68
PB  - Science Publishing Group
SN  - 2640-4621
UR  - https://doi.org/10.11648/j.stpp.20230702.12
AB  - The global shipbuilding market is commonly classified based on the primary ship type, end use, and regional demand. Notably, there is a consistent and strong demand for tankers, bulkers, gas carriers, containers, and cruise ships, which is expected to persist in the foreseeable future. It is projected that the global shipbuilding market will approach a value of approximately USD 200 billion within the next decade. This presents a noteworthy opportunity for small shipbuilding nations like Bangladesh, particularly in the niche market for small and medium-sized containers, tankers, multipurpose vessels, cargo ships, and specialized ship types ranging from 3000 to 10000 DWT. In addition, there has been a recent surge in foreign direct investment (FDI) within the shipbuilding sector, as countries such as China, Turkey, and the Netherlands have expressed keen interest in this industry. This development further enhances the prospects for growth and expansion. Consequently, this study provides a comprehensive analysis of the global and local shipbuilding markets, with the objective of identifying the suitable market segments for future development in the local shipbuilding industry.
VL  - 7
IS  - 2
ER  -

Copy | Download