Insight

Asian shipyards: How will capacity reduction impact upstream costs?

Get this report

$1,350

You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- Available as part of a subscription
- FAQ's about online orders

31 August 2016

Asian shipyards: How will capacity reduction impact upstream costs?

Report summary

The weakened demand for shipbuilding and offshore fabrication is severely affecting Asian yards. Global utilisation has fallen from 90% in 2008 to around 65%. The South Korean yards are the most exposed and restructuring is now underway, with a view to reducing capacity and ultimately costs. But with costs for new-build facilities remaining resilient, operators are now looking at less complex facilities. This is the domain of the key yards in Singapore and China and although these yards are struggling, their situation is not as bad as South Korea. Competition between yards in Singapore and China will intensify in the near term. But the backlog of conversion and mid-sized projects means cost inflation is a risk as oil price recovers.  

Table of contents

  • Asian shipyards are hurting and achieving cost reduction remains a concern. Capacity reduction is underway and operators are now looking at simpler solutions.

Tables and charts

No table or charts specified

What's included

This report contains:

  • Document

    Asian shipyards. How will capacity reduction impact upstream costs.pdf

    PDF 1.72 MB

Other reports you may be interested in

Browse reports by Industry Sector