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

People & Company News

Transas: The Bridge to Tomorrow

Transas was founded in 1990, by a group of former navigators and engineers, who at that time envisioned ways in which computers could revolutionize maritime safety, communications and security.

ZF Celebrating 100th Anniversary

2015 marks the 100th anniversary of the foundation of ZF Friedrichshafen AG   Zahnradfabrik GmbH was founded in 1915, and through a 100-year history has developed

Signal Ship Repair Achieves OSHA Milestone

Signal International announced that on December 31, 2014, the Signal Ship Repair Operations located in Mobile, Alabama achieved one full year and worked 387,926 manhours,

Cruise Ship Trends

Disney's 'Frozen' Coming to the High Sea

Disney Ship is “Frozen” in Alaska. Nay...The ships are not really stuck — being “Frozen” is all about Disney’s blockbuster movie and it’s now spreading to the ships especially,

GE Powers Diadema Cruise Ship

Fincantieri shipyard to equip in-board propulsion for Carnival and Costa vessels, GE’s Power Conversion business has helped the shipyard successfully deliver the

Carnival, China Merchants Sign MOU

MOU will explore both Port & Destination Development and Ship-Owning joint ventures with the goal of potentially launching China’s first world-class domestic cruise brand.

Finance

Denmark's Budget Gap May Flirt with EU Limit if Oil Stays at $50

Denmark's government estimates its budget would lose 7.5 billion Danish crowns ($1.1 billion) if oil prices remained around $50 a barrel, according to a document

Sweden-Poland Maritime Link Improved

The EU's TEN-T Program will co-fund with over €2 million the development of the sea ports of Trelleborg (Sweden) and Świnoujście (Poland), to increase their competitiveness and sustainability,

West Coast Port Talks Clear Hurdle

Shipping companies and the union for 20,000 dockworkers at nearly 30 U.S. West Coast ports have cleared a major hurdle in their protracted labor talks, clinching

 
 
Maritime Contracts Maritime Standards Naval Architecture Pod Propulsion Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
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: 0.3084 sec (3 req/sec)