Consultants Predict Dynamic Cruise Sector Growth

MarineLink.com
Thursday, August 29, 2013
Photo courtesy of Carnival Cruises

The global cruise sector is forecast to exhibit dynamic growth over the next decade, according to Ocean Shipping Consultants’ (OSC) latest report: 'World Cruise Ports and Shipping'. Excerpts as follows:

OSC expects annual passenger demand to rise from around 20.9 million in 2012 to approximately 24m passengers by 2015, 29.7m by 2020 and 36.4m by 2025. This represents an overall forward expansion of 74%.

North America will still dominate the world cruise industry in terms of sourced passengers and cruise operators, but Europe and Asia Pacific are expected to grow strongly. This will have major implications for cruise capacity deployment, cruise ports development, cruise ship construction and cruise ship repair.

This in-depth passenger shipping industry analysis by OSC, its 11th since 1992, says that the industry is dominated by a relatively small number of lines, with the top 15 cruise lines representing almost 80% of total passenger capacity, and the top five lines (RCCL, Carnival Cruise, Princess, Costa, NCL) alone accounting for 49%. However, if controlled tonnage under different brands is included, the distribution of capacity ownership displays a more marked concentration, with the top three cruise line groups representing 73% of the total fleet capacity.

Small category vessels with <1,000 lower berths account for 51% in terms of vessel numbers, but only 14.4% in overall capacity. Large vessels of 2,000 plus lower berths dominate in terms of passenger capacity, at 62%. The large category has also dominated recent years’ order books, hence featuring strongly in cruise fleet’s development profile.

The full report is available for purchase from: www.OSClimited.com as from 2 September 2013.
 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter January 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Interactive Map Highlights Shipping's Global Security Threats

Ship owners and managers can now view what security threats a country poses to shipping lines with the click of a button thanks to a new live interactive map.   The

First Damen Tug for Fratelli Neri

Fratelli Neri S.p.A has taken delivery of a Damen ASD Tug 3212. The new vessel, called Luisa Neri, was handed over from Damen Maaskant Shipyards Stellendam in the Netherlands, on 25 January 2016.

Wärtsilä's' BWMS for New Crane Ship Design

A new crane ship designed by Netherlands based Royal IHC, a global leader in offshore, dredging and mining vessels, will feature the Wärtsilä Aquarius UV Ballast Water Management System (BWMS).

Cruise Ship Trends

R&M Group Merges with Sea Level Marine

R&M Ship Technologies USA, Inc. has merged Sea Level Marine, LLC. in efforts to increase the range of services offered to the company’s global client base. By aligning resources,

Fincantieri Launches Majestic Princess for China

Italian shipbuilder Fincantieri has launched its first cruise ship destined for the Chinese market, and will now begin interior fittings ahead of the vessel’s delivery scheduled for spring 2017.

Anthem of the Seas to Port after Rough Night

Multiple media outlets including CBS News report that Royal Caribbean's new cruise ship Anthem of the Seas was hit by a strong strom, reportedly resulting in no

Finance

Hempel’s Dynamic Brings Saving for Lemissoler

Global shipmanagement company, Lemissoler Navigation, via its affiliated and managed company Frontmarine Co. Ltd, has achieved significant fuel savings from coating its newbuild 58,

QP, Chevron Ink Offshore Moroccan Deal

Qatar Petroleum has reached an agreement with Chevron Morocco Exploration Ltd., a subsidiary of Chevron Corporation, to acquire a 30% participating interest from

IOCs Stress on OSV Fuel Management Performance

Growing insistence by international oil companies (IOCs) that oilfield contract vessels (OSVs) are fitted with fuel monitoring systems has prompted an upsurge in

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Navigation Pod Propulsion Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
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: 0.1127 sec (9 req/sec)