Southern Asian Shipbuilding Peaks


Southeast Asian shipbuilding is anticipated to rise to more than 4.8 million gross tonnage (GT) in 2015, despite the issues surrounding over-tonnaging in the ship-building industry as a result of the 2008 financial crisis, in a report released by Robert Willmington of IHS Maritime.

The countries that currently dominate the conventional market segments in the Asian shipbuilding and repair industry are Japan, China and Korea, and around 37% of South East Asian shipbuilding orders account for container ships.

Robert Willmington stated: “A number of Southeast Asian shipbuilding countries have been boosting their offerings by developing shipbuilding and repair facilities in Indonesia, Malaysia, Philippines, Thailand and Vietnam.

“Indonesia has around 200 shipyards, and the government has prioritised building oil tankers as the nation’s key ship export.

“Malaysia’s shipbuilding business has also been on the rise, and the country is gearing up to produce more complex ships.

“The Philippines has a total of 87 vessels on order and scheduled deliveries for 2015-2018, but ranks first in gross tonnage at more than 4,8m GT.”

Vietnam hopes to become one of the prime ship exporters in globe trade and currently has the highest number of ships expected for delivery (197).

Indonesia and Vietnam are the most likely to grow in the medium term.

An estimated 587 are anticipated to be on order in 2015.

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