Big Four Maintaining Their Share

Wednesday, March 21, 2001
In the cruise industry, it is widely acknowledged that four main shipyards are competing for the majority of all new cruise ship orders. In its latest publication, GUIDE 01, ShipPax Information of Sweden has compiled figures to illustrate the situation in a market report. According to the outcome, the dominance tends to be strengthened if anything. The four shipyards are Kvaerner Masa-Yards, Meyer Werft, Chantiers de l'Atlantique and Fincantieri. Between them, they delivered 22,630 lower berths on new cruise ships last year. Other yards contributed with 1,968. The "Big Four" had a market share of 92percent of the capacity delivered. In the early 80s and earlier, all cruise ship deliveries came from different yards, albeit the total capacity at that time was not impressive. In 1982 - 1984, the "Big Four" became dominant, with a market share of 51 to 57 percent of the capacity. Then after a drop in 1985, they again started to make an impact and maintained a market share of approx 65 to 80 percent in the mid 90s, increasing and leveling out at around 90% for the remainder of the decade. Deliveries booked for 2002 total 34,365 lower beds (all time high), of which the "Big Four" will produce 30,519 and the other shipyards around the world just 3,846. The special knowledge that is required for modern and efficient production is based on experience and investment. The latter can only be done by shipyards confident in maintaining a market leader position. Therefore, the trend, if any, is that the "Big Four" will continue to prevail. Among the remaining shipyards fighting for an approximate 10 percent market share, we may see newcomers. "Especially Far Eastern shipyards, with competitive prices, as well as European shipyards with past experience of qualified ferries, may be able to enter the market," says Klas Brogren, publisher of ShipPax Information.
Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Cruise Ship Trends

Concordia Tow Update: Smooth Sailing

The Costa Concordia wreck removal team reported this morning at 10:30 a.m. that after 22 hours of navigation, the convoy was over 50 miles off Giglio Island with about 140 miles from Genoa Prà-Voltri.

Royal Caribbean Profit Jumps on Higher European Demand

Royal Caribbean Cruises Ltd, the world's second-largest cruise operator, reported a big jump in quarterly profit as demand for its European cruises rose and passengers spent more onboard.

Travel Aboard One of the World’s Largest Containerships

CMA CGM Group is now offering genuine cruises aboard its biggest vessels, the new 16,020 TEUs containerships, such as the CMA CGM MARCO POLO or the CMA CGM ALEXANDER VON HUMBOLDT.

LNG

GTT Wins DSME Order for 9 More Icebreaking LNGCs

Gaztransport & Technigaz (GTT), a designer of membrane containment systems for the maritime transportation and storage of Liquefied Natural Gas (LNG), announced

Wilhelmsen Secures Inert Gas System Orders

Breakthrough order in Japanese shipbuilding market sees largest ever capacity Maritime Protection IG units delivered for leading domestic owners. Wilhelmsen

Editorial: Gas ... It's Both the Question & the Answer

When the time comes to pull an edition together, sometimes the content simply takes on a life of its own, as is the case with the July 2014 edition and the proliferation of ‘gas’ throughout.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Pipelines Port Authority Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1374 sec (7 req/sec)