EuroEconomica, Vol 37, No 3 (2018)

AN OVERVIEW ON THE SHIPBUILDING MARKET IN CURRENT PERIOD AND FORECAST

Carmen Gasparotti, Eugen Rusu

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 pre-crisis 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.

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