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 Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

DNV-GL Approves Kongsberg Engine Room Simulators

Kongsberg Maritime has received DNV-GL certification for three of its latest engine room simulator models designed to provide in-depth training on the K-Sim Engine simulator platform.

Container Shipping Lucky to Break Even in 2015

A toxic mixture of overcapacity, weak demand and aggressive commercial pricing is threatening liner shipping industry profitability for the rest of 2015, according

CMA CGM's OPDR Acquisition Approved by EU

The CMA CGM Group announced that the European Commission has approved its acquisition of OPDR. In order to finalize the acquisition, which was announced on November 25, 2014 by Jacques R.

Cruise Ship Trends

Cruise Ship Passenger Medevaced off US

A cruise ship passenger suffering stroke symptoms was medevaced by U.S. Coast Guard personnel approximately 200 miles east of Wilmington, North Carolina. The

Cuba Opens Up for Carnival Corp. Brand

Carnival Corp. granted U.S. licenses to operate direct U.S.-to-Cuba travel for the purpose of providing cultural exchange Carnival Corporation & plc said that the U.

Carnival Vista Floated Out

The Carnival Vista has completed its dry dock phase and was recently floated out to a new location at Italy's Fincantieri shipyard, Carnival Cruise Line has announced.

Finance

Greece Port Operations Update

An update on Greece’s port operations and local conditions was issued today by maritime services provider Inchcape Shipping Services (ISS).   According to ISS,

Container Shipping Lucky to Break Even in 2015

A toxic mixture of overcapacity, weak demand and aggressive commercial pricing is threatening liner shipping industry profitability for the rest of 2015, according

Dry Bulk Market Crisis: Opportunity or Threat?

The shipping industry is experiencing the biggest dry bulk market recession since the 1980s, as uncertain global economic outlook and increased imbalance between

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Offshore Oil Pod Propulsion Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
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: 0.1996 sec (5 req/sec)