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 March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Cruise Ship Trends

China Homeport for Latest Giant RCI Cruise Ship

Royal Caribbean International says that its latest cruise ship, 'Quantum of the Seas', will make its home port in Shanghai (Baoshan), China The ship will reposition to China in May 2015,

Holland American Line donates $100,000 to Desmond Tutu Peace Foundation

In honor of Archbishop Emeritus Desmond Tutu’s work to spread peace, justice and democracy around the globe, Holland America Line has made a $100,000 donation to

Cruise Industry Disappointed by Findings of Critical LMU Report

New research by the UK's Leeds Metropolitan University (LMU) claims the cruise industry is ignoring its responsibility to the environments and societies it visits.

LNG

OMV CEO Warns Against More Russia Sanctions

Europe should avoid more sanctions against Russiaover its role in Ukraine and continue to pursue dialogue with Moscow, the chief executive of OMV , the longest-standing

Petrobras, Mitsui Study South Brazil LNG Import Terminal

Brazil's state-run oil company Petroleo Brasileiro SA and Japanese trading house Mitsui Corp will study building a liquefied natural gas (LNG) terminal in the country's southernmost state,

Ukraine launches restricted operation

Ukrainian forces launched a "special operation" on Tuesday against separatist militia in the Russian-speaking East, authorities said, although aside from a landing

 
 
Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | 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: 0.1030 sec (10 req/sec)