NEW CONSTRUCTION IN SOUTH ASIA
This guide provides an overview of the shipyards and ship designers in Bangladesh, India, Indonesia, Malaysia, Philippines, Singapore, Sri Lanka, Thailand and Vietnam. Over such a large geographical area a broad range of factors have shaped the development of shipbuilding in the region. Experience, ambition, history, culture, economic and demand factors have shaped, and will continue to shape, the diverse and growing shipbuilding capabilities in South Asia. While recently the 'big three' countries of China, Japan and Korea have experienced a decline in the number of ships ordered, many of the South Asian countries covered by this guide have seen a growth in terms of numbers of ships, ship types and ship sizes during this same period. With increased quality, competitive pricing and burgeoning capability, both local and international owners are increasingly seeing the area as an attractive newbuilding option for future projects. Capability that was previously directed exclusively at local demand in countries such as Indonesia and Vietnam is now at a competitive level in terms of the quality, facilities and construction times of the world's leading yards. With South Asian yards looking to compete on a global scale, whether building VLCCs or smaller ships, technically challenging naval vessels, offshore support vessels, specialised tugs or aluminium supply craft, Lloyd's Register is well placed to support this development. Our recently released report, Global Marine Trends 2030, emphasised the growing importance of Asian economic growth and its significance in shipbuilding and shipping as a whole. If economic growth continues at anticipated levels, the future is extremely bright for the South Asia area in terms of shipbuilding demand, growing maritime trade, demand for energy infrastructure and the growth of naval power and ambition. We have developed this guide for the industry and for investors as part of our efforts to foster co-operation and mutual support between local and international owners, suppliers, designers and South Asian shipyards. The 'useful information' section, which details the major shipyards and design institutes, was up-to-date at the time of publication and we hope you find it informative and easy to use.
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