NOAA Ship GORDON GUNTER aerial view of starboard side ( image : NOAA / Unsplash ).

We examine market trends , new R & D projects and shifts in global shipbuilding and marine markets .

“ Shipyards need effective systems as well as management and organisational skills to generate information , develop production plans , control materials and achieve high quality standards in component production .”

The COVID-19 outbreak impacted the shipbuilding industry in several countries . The pandemic ’ s negative effects were evident in worldwide ship supply chains . However , the shipbuilding market is expected to grow over the forecast period due to increasing seaborne trade and economic growth ; rising energy consumption ; the demand for ecofriendly ships and shipping services ; and the advent of robotics in shipbuilding . The demand for the trade lane has been improving steadily since the peak of COVID-19 , which is pushing several port operators for expansion .

“ Shipbuilding is a slow-moving industry experiencing challenges to be addressed to enhance the efficiency of the process . There has been an increase in demand for maritime transport over the years , which has caused a subsequent rise in the number of imports and exports across the world . Shipping remains the most cost-effective means of transporting goods from supplier to buyer , with 75 % of goods coming into Europe by sea from external partners ,” commented the analyst .

Shipbuilding markets

“ Shipbuilding involves the building of large sea-going vessels , usually of steel . Boatbuilding is the construction of smaller vessels ( generally up to 50 metres in length ). The global shipbuilding industry is currently

Shipping remains the most costeffective means of transporting goods from supplier to buyer , with 75 % of goods coming into Europe by sea from external partners

22 | ismr . net | ISMR June 2023