Industry Analysis & Industry Trends
The Shipbuilding and Repair Services industry has exhibited steady growth at a compound annual rate of 6.8% over the five years through 2013-14 to reach $2.8 billion. This growth can primarily be attributed to a stunning 32.1% revenue increase in 2009-10 as the Hobart Class Air Warfare Destroyer (AWD) project commenced. Industry revenue growth tends to fluctuate in line with defence expenditure and Royal Australian Navy (RAN) shipbuilding initiatives. In the global commercial sector, an oversupply of ships resulted from plummeting demand for trade in the wake of the global financial crisis. In Australia, however, the industry was not particularly affected by the crisis, as its lack of participation in the marketplace for large commercial ships proved to be a blessing in disguise... purchase to read more
Industry Report - Industry Products Chapter
Shipbuilding is broadly segmented into commercial purposes or military purposes. The commercial shipbuilding market is more cost competitive as they compete with international players, particularly from South Korea and China. The largest industry product segment in Australia is defence-related shipbuilding. Products within this segment are usually built to order and customised to the requirements of the Royal Australian Navy (RAN). Ships and submarines are classified according to their basic dimensions, weight (displacement), load-carrying capacity and their intended service.
Defence shipbuilding activities comprise the construction of military warships and supply ships... purchase to read more