Shipbuilding Industry

Shipbuilding Basics There are ~40,000 oceangoing cargo ships in the world fleet. Ships are designed to last 30 years, so ~3.3% of this fleet should be replaced every year. In practice, ships last longer than 30 years and only ~2.0% of the fleet is replaced every year. To keep pace with world trade, the capacity […]

Big Shipyard

Building BIG Ships There is a noticeable break in ship size distribution that corresponds to the breadth of the Panama Canal. There is a corresponding break in the structure of the shipbuilding industry. The yards that build BIG ships don’t build SMALL ships and vice versa. There are now over 600 yards building commercial vessels, […]