Industry Analysis & Industry Trends
The local Shipbuilding and Repair Services industry does not compete in the world market for tankers, container ships or bulk ships. Giant corporations in Asia dominate that market with technology and scale advantages that are nearly impossible for Australian companies to bridge. Instead, Australian shipbuilders concentrate on niche products such as high-speed catamarans, which successfully found overseas buyers. The other big customer is the Federal Government, with the Australian Navy awarding lucrative and lengthy contracts to Australian shipbuilders for frigates, submarines and other vessels.
Australia's lack of participation in the marketplace for large commercial ships proved to be a blessing in disguise over the past five years... purchase to read more
Industry Report - Industry Analysis Chapter
The Australian Shipbuilding and Repair Services industry experienced mixed fortunes over the past five years. Commercial shipbuilding is in worldwide distress due to the severe oversupply of cargo ships. Leisure ship producers suffered under the strong Australian dollar, which hurt their export volumes. However, military spending in Australia is strong in line with long-term naval fleet requirements. The combined effect is relatively subdued industry revenue, with a forecast growth of 0.6% over 2012-13, to reach $2.61 billion. Overall, industry revenue is expected to grow at an annualised 1.1% over the five years through 2011-12... purchase to read more