Science, Technology & Public Policy


Submit a Manuscript

Publishing with us to make your research visible to the widest possible audience.

Propose a Special Issue

Building a community of authors and readers to discuss the latest research and develop new ideas.

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.

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 ( which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

1. Lixing Z (2009) Development oriented finance and economy in China: A historical review and prognostic assessment, Printed in BloominGTon, Indiana, USA, July 2009.
2. Hossain K A and Zakaria M N G (2017) A Study of global shipbuilding growth trend and future forecast, Procedia Engineering, Elsevier, Jul 2017, available at:, (30 Jun 2022).
3. Stopford M (2009) Maritime Economics, Routledge, New York, USA, Nov 2009.
4. Noordstrand A (2018) Experience with robotic underwater hull cleaning in Dutch Ports, Hull PIC 18 (pp 4-9), Redworth, 3rd Hull Performance and Insight Conference, Jun 2018.
5. Michael D (2010) China: A modern history, I B Tauris and Co Ltd, London, UK, May 2010.
6. Hossain K A, Zakaria M N G and Islam M S (2010) SWOT analysis of shipbuilding industries in Bangladesh and its challenges to become potential ship exporting nation, Journal of Ship Technology India, Volume 6, Issue 2, July 2010.
7. OECD (2021) Shipbuilding market development, May 2021, available at:, (Accessed on 23 Mar 2022).
8. Mordor Intelligence (2022) Shipbuilding market growth, trends, COVID-19 impact, and forecasts 2022-2027, available at:, (Accessed on 16 May 2022).
9. Hossain K A (2018) Analysis of important steering factors which give success to global shipbuilding leaders, Journal of Recent Advancement of Petrochemical Science, Volume 4, Issue 5, 10 Apr 2018, available at:, (Accessed on 13 May 2022).
10. Hossain K A (2021) StrenGTh Weakness Opportunity, Threat (SWOT) analysis of Bangladesh shipbuilding industry, Technical Paper: NAME, MIST, 16 Dec 2021, available at:, (Accessed on 02 Jul 2022).
11. UNCTAD (2021) Global Trade Update. World trade rebounds to record high in Q1 2021, May 2021, available at:, (Accessed on 31 Aug 2022).
12. IHS Markit (2022) Maritime and trade research and analysis, Feb 2022, available at:, (Accessed on 20 Jun 2022).
13. Researchgate (2022) Comparison of shipbuilding productivity, Feb 2022, available at:, (Accessed on 27 Jul 2022).
14. Research and Market (2022) Shipbuilding market by type and end use: Global opportunity analysis and industry forecast, 2021-2030 Report, Jan 2022, available at:, (Accessed on 22 Jun 2022).
15. IHS Fairplay (2022) largest maritime database in the world, evolved from the Lloyd's Register of Ships, available at:, (Accessed on 11 Jul 2022).
16. Market Research (2022) Shipbuilding market by types Allied and end use, available at:, (Accessed on 29 Jun 2022).
17. Global Maritimehub (2020) Future changes in the shipbuilding market, Jan 2021, available at:, (Accessed on 06 Jul 2022).
18. Zakaria N M G, Ali M T, and Hossain K A (2012) Underlying problem of ship recycling industries of Bangladesh, Journal of Naval Architecture and Marine Engineering, Published on 13 Nov 2012.
19. Business Research Company (2021) Shipbuilding global market report 2021, available at:, (Accessed on 09 Jul 2022).
20. Château J (2014) Trade patterns in the 2060 world economy, OECD economics department working papers, No-1142, OECD Publishing, Dec 2014.
21. SeaEurope (2015) Memorandum and data on seaborne trade by Ms. Jenny Braat and Ms. Sarai Blanc, Aug 2015.
22. SAJ Forecasts (2015) New-building requirement forecast (SAJ2014), Presentation by Takeo Suzuki of Japan Ship Centre, JETRO London, on behalf of Shipbuilders Association of Japan (SAJ) held at the OECD Council Working Party on Shipbuilding, 11-12 June 2015.
23. OECD (2017) Council working party on shipbuilding, imbalances in the shipbuilding industry and assessment of policy responses, Economics Department Working Papers on Shipbuilding, Paris, 18-19 Apr 2017.
24. Hossain K A (2018) SWOT analysis of China shipbuilding industry in the third eyes, Journal of Recent Advancement of Petrochemical Science, Volume 4, Issue 2, 22 Jan 2018, available at:, (Accessed on 13 Jul 2022).
25. Clarksons Research (2015) World Shipyard Monitor, July 2015.
26. Clarksons Research (2021) Shipping Review Outlook, June 2021.
27. Worldsteel Association (2022) World crude steel production, available at: (Accessed on 11 Jul 2022).
28. Bizvibe Blog (2022) Top ten shipbuilding company, Mar 2022, available at:, (Accessed on 19 Jun 2022).
29. Hossain K A (2018) Proposed viable ship recycling process for South East Asian recycling yards specially for Bangladesh, Procedia Engineering, Elsevier, Published on 27-07-2018, available at:, (Accessed on 30 Jun 2022).
30. Seaweb ships (2022) The ultimate maritime reference tools, Feb 2022, available at:, (Accessed on 10 Jul 2022).
31. OECD (2011) International trade and capital movements in OECD, 11 Mar 2011, available at:, (Accessed on 23 Jul 2022).
32. UNCTAD (2021) Estimates of global e-commerce 2019 and preliminary assessment of COVID-19 impact on online retail 2020, Geneva, 3 May 2021, available at:, (Accessed on 31 Aug 2022).
33. Alam Commodore M K (2004) Bangladesh Maritime Challenges in the 21st Century, Dhaka PathakShamabeshPublicalion, 2004.
34. MSc Thesis (2010), Evaluation of potential prospect and challenge of Bangladeshi shipbuilding in light of global contest by khandakarAkhterHossain, Dept of NAME, BUET, 10 Jan 2010, available at:, (accessed on 20 Jul 2022).