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Evaluation of Global and Local Shipbuilding Market

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.

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

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

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

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

Copyright © 2023 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

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