Global Chemical Tanker Shipping Market

Ship and boat building refers to building a new ship or boat from the ground up to completion based on the required design. Ship Repair is the service provided after the sale of the product because it involves giving the ship regular maintenance. The main types in the ship and boat building and repairing market are shipbuilding and repairing, boat building and repairing. Repairing refers to the servicing and maintaining of motor vehicles, such as overhauling motor vehicles, replacing components of motor vehicles, modifying and changing motor vehicles, and painting the surfaces of motor vehicles. The various applications include general services, dockage, hull parts, engine parts, electric works, auxiliary services. These are used by transport companies, the military, and other end users. The ship and boat building and repairing market research report is one of a series of new reports from The Business Research Company that provides ship and boat building and repairing market statistics, including ship and boat building and repairing industry global market size, regional shares, competitors with a ship and boat building and repairing market share, detailed ship and boat building and repairing market segments, market trends and opportunities, and any further data you may need to thrive in the ship and boat building and repairing industry. This ship and boat building and repairing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry. The global ship and boat building and repairing market grew from $264.86 billion in 2022 to $287.14 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The ship and boat building and repairing market is expected to grow to $389.37 billion in 2027 at a CAGR of 7.9%. The ship and boat building and repair market is aided by stable economic growth forecast in many developed and developing countries. The International Monetary Fund (IMF) predicts that global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historical period, are further expected to aid the market's growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. Stable economic growth is expected to increase investments in the end-user markets, thereby driving the market during the forecast period. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the ship and boat building and repair market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China, and has spread globally, including Western Europe, North America, and Asia. Transportation manufacturers depend heavily on the supply of parts and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of parts and components. Also, sales of new automobiles decreased significantly due to a decline in consumer demand as many countries imposed lockdowns. The outbreak continues to hurt businesses throughout 2020 and into 2021. However, it is expected that the ship and boat building and repairing market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. Shipbuilding companies around the world are increasingly using green shipbuilding technologies to comply with environmental rules and regulations. Technologies being used for shipbuilding include ships with no ballast systems that block organisms entering the ship and eliminate the need for sterilisation equipment; sulphur scrubber systems; waste heat recovery systems; speed nozzles; exhaust gas recirculation systems; advanced rudder and propeller systems; fuel and solar cell propulsion systems; and the use of LNG fuels for propulsion and auxiliary engines. Ships built using these technologies have significant energy savings and low carbon emissions. For instance, Peace Boat, a Japanese non-profit NGO, has entered into an agreement with a Finnish shipbuilding company, Arctech Helsinki Shipyard, for the construction of Ecoship, the world's greenest cruise vessel. The Dean Shipyards Group is also coordinating a green LeanShips project aimed at creating less polluting vessels. Major companies in the ship and boat building and repairing market include Samsung Heavy Industries Co Ltd., Daewoo shipbuilding & marine engineering, BRP Inc., BRUNSWICK CORPORATION, Fincantieri SpA, General Dynamics, Huntington Ingalls Industries, China Shipbuilding Industry Corp, China CSSC Holdings Limited, and Berkshire Hathaway Inc. Asia-Pacific was the largest region in the ship and boat building and repairing market in 2022. Western Europe was the second largest market in ship and boat building and repairing market. The regions covered in the ship and boat building and repairing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa. The countries of the ship and boat building and repairing market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore; South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The ship and boat building and repairing market includes revenues earned by entities by construction of ships, their repair, conversion, and alteration. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global ship and boat building and repairing market is segmented - 1) By Type: Ship Building And Repairing, Boat Building And Repairing 2) By Application: General Services, Dockage, Hull Part, Engine Parts, Electric Works, Auxiliary Services 3) By End-User: Transport Companies, Military, Other End Users Subsegments Covered: Ship Building, Ship Repairing, Boat Building, Boat Repairing

The sea-based defense equipment refers to support and auxiliary equipment used in sea-based defense operations such as submarines. The sea-based defense equipment are the integrated naval component that provide critical regional and homeland defensive capability. The main types of sea-based defense equipment are battle force ships and submarines (including nuclear submarines). Battle force ships are authorized United States Ship (USS) warships capable of participating in combat operations, or a United States Naval Ship that directly supports Navy warfighting or assistance tasks and must be listed in the Naval Vessel Register. The different operations include autonomous sea-based defense equipment, manual and involve various applications such as search and rescue, combat operations, mcm operations, coastal surveillance, and others. The sea-based defense equipment market research report is one of a series of new reports from The Business Research Company that provides sea-based defense equipment market statistics, including sea-based defense equipment industry global market size, regional shares, competitors with a sea-based defense equipment market share, detailed sea-based defense equipment market segments, market trends and opportunities, and any further data you may need to thrive in the sea-based defense equipment industry. This sea-based defense equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global sea based defense equipment market grew from $53.29 billion in 2022 to $57.24 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The sea based defense equipment market is expected to grow to $71.22 billion in 2027 at a CAGR of 5.6%. The overall economic growth of the emerging economies is expected to positively impact the sea-based defense equipment manufacturing market. Rising disposable income, a result of economic growth in emerging markets, had a positive impact on the demand for defense equipment. The International Monetary Fund (IMF) predicts that global GDP growth will be 3.4% in 2021. Developed economies are also expected to register stable growth during the forecast period. Stable economic growth is expected to increase investments in the nation's security, thereby driving the sea-based defense equipment manufacturing market during the forecast period. Geopolitical tensions are expected to have a negative impact on the sea-based defense equipment market during the forecast period. Repercussions of geopolitical tensions include sanctions on Russia; trade protectionism; and heightened military tensions in the Middle East. The sanctions on Russia were related to the violation of the Chemical and Biological Weapons Control and Warfare Elimination Act of 1991. For instance, the US imposed a number of sanctions on Russia, including sales of defense articles and services, government credit, or other financial assistance. Many countries place trade restrictions, especially on imports, to boost local production. For instance, Brexit is likely to lead to more trade restrictions between the UK and other countries in Europe. The US is also implementing several trade restrictions, especially with China, to boost its local production. Continued violence and terrorism in the Middle East and other parts of the world are also expected to have a negative impact on the market. Companies involved in sea-based defense equipment manufacturing are developing artificial intelligence and robotics-based equipment. Sea-based defense equipment such as submarines and warships implementing these technologies is well equipped to initiate an attack with less human intervention and to detect and determine threats. Following the trend, in July 2021, Rafael Advanced Defense Systems Ltd., an Israel-based defense technology company, unveiled its new Sea Breaker maritime and land-based long-range missile, a fifth-generation weapon system that combines artificial intelligence and decision-making algorithms. Up to 300 km away, Sea Breaker can deliver surgical, pinpoint precision strikes. It has an advanced imaging infrared seeker that is perfect for engaging stationary or moving land and maritime targets in advanced anti access/area denial (A2/AD) arenas. Major companies in the sea-based defense equipment market include General Dynamics, Huntington ingalls industries, Naval Group (Formerly DCNS), Bae Systems plc, Fincantieri SpA, Northrop Grumman Corp, Leonardo SpA, Raytheon Co, Lockheed Martin Corporation, and Mitsubishi Heavy Industries Ltd. Asia-Pacific was the largest region in the sea-based defense equipment market in 2022. Western Europe is expected to be the fastest growing region in the forecast period. The regions covered in the sea-based defense equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa. The countries covered in the sea-based defense equipment market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The sea-based defense equipment market consists of sales of sea-based defense equipment including naval vessels, crafts, radar, satellites, and sonars. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global sea based defense equipment market is segmented - 1) By Type: Battle Force Ships, Submarines (including Nuclear Submarines) 2) By Operation: Autonomous Sea based Defense Equipment, Manual 3) By Application: Search And Rescue, Combat Operations, Mcm Operations, Coastal Surveillance, Others Subsegments Covered: Aircraft Carriers, Frigates, Destroyers, Corvettes, Torpedo Boats, Support crafts, SSN Submarine, SSBN Submarine, SSK Submarine

Shipboard cables are defined as cables used for electrical installations in ships and offshore platforms for the transfer of electric power to electric panels for lighting, control circuits, and the transmission of vital instrumentation signals. They are fire-resistant, flame retardant, low smoke & halogen-free cables. The main types of shipboard cables are fiber-optic cables and electric cables. A fiber-optic cable, also known as an optical fiber cable, is a cable that looks like an electrical wire but contains one or more optical fibers for light transmission. The various voltages involved are medium voltage cable and low voltage cable. The different applications include marine and offshore, oil & gas and petrochemical, and others. The shipboard cables market research report is one of a series of new reports from The Business Research Company that provides shipboard cables market statistics, including shipboard cables industry global market size, regional shares, competitors with a shipboard cables market share, detailed shipboard cables market segments, market trends and opportunities, and any further data you may need to thrive in the shipboard cables industry. This shipboard cables market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global shipboard cables market will grow from $2.4 billion in 2022 to $2.53 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global shipboard cables market is expected to grow to $3.76 billion in 2027 at a CAGR of 10.4%. The increase and the expansion of offshore oil & gas plants are driving the shipboard cables market. The expansion of offshore oil & gas plants includes electrification of offshore oil and gas platforms which involves the use of efficient shipboard cables to connect oil platforms to mainland power grids. For instance, in October 2022, Abu Dhabi National Oil Company (ADNOC), a Abu Dhabi-based oil company, has awarded a contract worth $1.53 billion (AED 5.62 billion) for ADNOC Drilling. The contract supports ADNOC's offshore activities and its goal of responsibly increasing production capacity and meeting the growing global demand for reliable, reduced carbon intensity oil and gas. Therefore, the development of offshore oil & gas projects is projected to support the growth of the shipboard cables market. The increasing cost of raw materials hampers the shipboard cables market. The increase in raw material costs increases the operational expenses and hence increases the price of the end product. For instance, in May 2021, according to an article published by knoema, a US-based data technology company, On May 9, copper prices reached an all-time high of $10,512 per metric tonne, representing a 130% increase since March 22, 2020. The rise in copper prices thereby increases the manufacturing cost and hence restrains the growth of the market. Major players in the shipboard cables market are Eaton Corporation, Fujitsu Limited, Belden, SAB Cable, FSC Global, Belcom Cables Ltd., Leoni AG, Eland Cables, Nuhas Oman, and Cable Source Pte Ltd. The Asia-Pacific was the largest region in the shipboard cables market in 2022. North America is the second-largest region in the global insulated cables market. The regions covered in the global shipboard cables market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the shipboard cables market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The shipboard cables market consists of sales of electric shipboard cables and fiber optic shipboard cables. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global shipboard cables market is segmented - 1) By Type: Fiber-optic Cables, Electric Cables 2) By Voltage: Medium Voltage Cable, Low Voltage Cable 3) By Applications: Marine And Offshore, Oil & Gas And Petrochemical, Other Applications

An autonomous ship means navigating a ship without human input from passengers using sensing equipment (LIDAR), environmental sensitive control equipment, and navigation equipment. The autonomy in the autonomous ship market is fully autonomous, remote operations, and partial autonomous. Partial autonomous ships refer to the ships that are safer than the others and are operated by artificial intelligence, which helps to avoid droning of the ship. The propulsion types involved are fully electric or hybrid. The various fuel types involved are carbon-neutral fuels, LNG, electricity, and heavy fuel oil/marine engine fuel. The end-users involved are commercial and defense. The autonomous ships market research report is one of a series of new reports from The Business Research Company that provides autonomous ship market statistics, including global market size, regional shares, competitors with an autonomous ship market share, detailed autonomous ship market segments, market trends and opportunities, and any further data you may need to thrive in the autonomous ship industry. This autonomous ship market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global autonomous ships market size will grow from $6.88 billion in 2022 to $7.34 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global autonomous ships market size is expected to grow to $9.47 billion in 2027 at a CAGR of 6.6%. Increasing marine accidents caused by human errors lead to high financial losses, which are predicted to act as a major driver for the growth of the autonomous ship market. Unmanned ships or autonomous technology apprehend accidents attributed to human errors and contribute to the higher potential of reducing onboard accidents. According to a 2021 report published by the Insurance Information Institute, a US industry association which exists to improve public understanding of insurance, in 2020, 49 large ships were completely lost, which is essentially unchanged from 48 in 2019. Therefore, the use of autonomous ships to reduce the increasing number of accidents due to human error and financial losses is expected to drive the demand for autonomous ships over the next few years. The increasing threat of cybersecurity and privacy is expected to limit the growth of the autonomous ship market during the forecast period. The advancements in technology and adoption of artificial intelligence (AI), mobility systems, and the internet of things (IoT) are creating higher chances of cybersecurity and data threats, which is a major challenge for the autonomous ship industry. According to the Association for Computing Machinery (ACM)’s journal on cybersecurity of the autonomous ship, cybersecurity is a serious issue for autonomous ships, regardless of the form and level of autonomy of the ship, owing to their increased dependence on ICT for controlling the ship, accessibility of systems to the internet, and increased connectivity of the ship’s control system to onshore monitoring systems. Thus, the rising threat of cybersecurity and privacy is predicted to act as a major factor restraining the autonomous ship market over the forthcoming years. Major companies are undertaking various strategic initiatives like the development of fully autonomous ships, which is likely to be a major trend driving the growth of the autonomous ship industry. For instance, according to Offshore Energy news published in September 2021, UK engineering company Rolls-Royce and Sea Machines Robotics, the USA-based startup developing autonomous ship solutions, have started a new collaboration that will deliver comprehensive remote command, autonomous control, and intelligent crew support systems to the marine market. In November 2021, Ocean Power Technologies (OPT), a US-based company that provides critical ocean intelligence services, acquired Marine Advanced Robotics, Inc. (MAR) for an undisclosed amount. This acquisition gives OPT access to a proven, cutting-edge offshore product line that has roaming capabilities and greatly enhances the OPT business plan. Marine Advanced Robotics, Inc. (MAR) is a US-based developer and manufacturer of autonomous surface vehicles (ASVs). Major players in the autonomous ships market are General Electric, DNV GL, Rolls-Royce Holding PLC., Kongsberg Gruppen AS, NYK Line, Mitsui E&S Holdings Co Ltd., Wärtsilä Corporation, DSME Co. Ltd., Vigor Industrial LL, and Praxis Automation Technology B.V. Asia-Pacific was the largest region in the autonomous ships market in 2022. Western Europe was the second largest region in the global autonomous ships market. The regions covered in the global autonomous ships market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the autonomous ships market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, USA. The autonomous ship market consists of sales of autonomous container ships, maritime autonomous surface ships (MASS), and crewless vessels. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global autonomous ships market is segmented - 1) By Autonomy: Fully Autonomous, Remote Operations, Partial Autonomous 2) By End-User: Commercial, Defense 3) By Propulsion Type: Fully Electric, Hybrid 4) By Fuel Type: Carbon Neutral Fuels, LNG, Electric, and Heavy Fuel Oil/Marine Engine Fuel

Shipbuilding refers to building a new ship from the ground up to completion based on the required design. Shipbuilding typically occurs in a specialised space known as a shipyard. The main types of shipbuilding are bulkers, tankers, containers, cruises, ferries, and other types. Container ships have no hatches, which means there is no continuous main deck running the length of the ship, as well as other types of well, such as passenger transportation and goods transportation. The various applications include passenger transportation and goods transportation. These are used by transport companies, the military, and other end-users. The shipbuilding market research report is one of a series of new reports from The Business Research Company that provides shipbuilding market statistics, including the shipbuilding industry global market size, regional shares, competitors with a shipbuilding market share, detailed shipbuilding market segments, market trends and opportunities, and any further data you may need to thrive in the shipbuilding industry. This shipbuilding market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global ship building market size will grow from $193.66 billion in 2022 to $209.13 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global ship building market size is expected to grow to $279.03 billion in 2027 at a CAGR of 7.5%. The increasing seaborne trade is predicted to contribute to the growth of the shipbuilding market. The rising population, the surging purchasing power of consumers, and improving standards of living are increasing the demand for consumer goods, leading to high production and rapid industrialization. For instance, according to Hellenic Shipping News data 2021, in the first 10 months of 2021, the global seaborne coal trade increased by 5.1% y-o-y to 984.7 mln tonnes, from 936.7 mln tonnes in the January-October 2020 period. The manufacturing of eco-friendly and advanced ships is supported by the increasing requirement for efficient and cost-effective transport alternatives for the movement of goods. According to Alliance Experts, transport by sea allows shipping large volumes at a lower cost than transport by road, rail, and air. This scenario is expected to drive the demand for the shipbuilding market. The increasing seaborne trade is predicted to contribute to the growth of the shipbuilding market. The rising population, the surging purchasing power of consumers, and improving standards of living are increasing the demand for consumer goods, leading to high production and rapid industrialization. This scenario is expected to drive the demand for the shipbuilding market. Stringent environmental regulations are expected to hinder the growth of the shipbuilding market. This is because of the pollution derived from maritime shipping activities that affect air and water quality and marine and estuarine biodiversity. For instance, the companies dealing in shipbuilding in Finland have to follow all the rules under the Environmental Protection Act, a Finnish law (86/2000) created by the Ministry of Environment. Similarly, in Spain, ship-building companies are required to follow the Act on Air Quality and Protection of the Atmosphere. This scenario is likely to act as a major challenge for the ship-building market’s growth. The use of 3D printing technology in shipbuilding is a leading trend being observed in the shipbuilding market in recent years. 3D printing, also known as additive manufacturing, is gaining popularity in every sector connected to manufacturing and engineering, including shipbuilding. The companies operating in the shipbuilding market are collaborating with other players in the industry to adopt advanced manufacturing technologies, including 3D printing, to enhance their manufacturing capabilities. For instance, in 2021, U.S. 3D printer OEM 3D Systems is working with the military shipbuilding industry, Huntington Ingalls Industries, to develop new corrosion-proof metal powders for maritime 3D printing applications. Working with Huntington Ingalls Industries' Newport News Shipbuilding division, 3D Systems is formulating novel Copper-Nickel and Nickel-Copper alloys that are particularly designed to produce robust, temperature-resistant parts. In September 2022, KH Investment acquired Daehan Shipbuilding for ? 200 billion ($148 million). This acquisition is a part of their efforts to support its plan of building capacity and work with Daehan Shipbuilding employees for creating new business system. KH Investment has acquired a 95 % stake in the shipyard won through a consortium led by the Korea Investment Private Equity and SG Private Equity. Daehan Shipbuilding is a South Korea-based company engaged in ship construction and repair services. The company also specializes in building tanker, container, and liquefied natural gas ships. Major players in the shipbuilding market are Hyundai Heavy Industries, Daewoo Ship Building & Marine Engineering Co. Ltd., Mitsubishi Heavy Industries, Samsung Heavy Industries, BAE Systems PLC., Sumitomo Heavy Industries Ltd., Damen Shipyards Group, Fincantieri Spa, General Dynamics Corp., and Huntington Ingalls Industries Inc. Asia-Pacific was the largest region in the shipbuilding market in 2022. Western Europe was the second largest market in global shipbuilding market. The regions covered in the global shipbuilding market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa. The countries in the shipbuilding market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, USA. The shipbuilding market include revenues earned by entities by construction of ships, conversion, and alteration. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global shipbuilding market is segmented - 1) By Product: Bulkers, Tankers, Containers, Cruise and Ferry, Other Products 2) By Application: Passenger Transportation, Goods Transportation 3) By End-User: Transport Companies, Military, Other End Users

Shipbuilding refers to building a new ship from the ground up to completion based on the required design. Ship repair is the service provided after the sale of the product because it involves giving the ship regular maintenance. The main types in the shipbuilding and repairing market are shipbuilding and ship repairing. Shipbuilding refers to the construction of floating vessels and ships. The various applications include general services, dockage, hull parts, engine parts, electric works, and auxiliary services. These are used by transport companies, the military, and other end-users. The shipbuilding and repairing market research report is one of a series of new reports from The Business Research Company that provides shipbuilding and repairing market statistics, including shipbuilding and repairing industry global market size, regional shares, competitors with a shipbuilding and repairing market share, detailed shipbuilding and repair market segments, market trends and opportunities, and any further data you may need to thrive in the shipbuilding and repair industry. This shipbuilding and repairing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global ship building and repairing market grew from $226.71 billion in 2022 to $245.78 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The ship building and repairing market is expected to grow to $333.08 billion in 2027 at a CAGR of 7.9%. The shipbuilding and repair market is aided by stable economic growth forecast in many developed and developing countries. The International Monetary Fund (IMF) predicts that global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historical period, are further expected to aid the market's growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. Stable economic growth is expected to increase investments in the end-user markets, thereby driving the market during the forecast period. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the shipbuilding and repair market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Transportation manufacturers depend heavily on the supply of parts and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of parts and components. Also, sales of new automobiles decreased significantly due to a decline in consumer demand as many countries imposed lockdowns. The outbreak harmed businesses throughout 2020 and into 2021. However, it is expected that the shipbuilding and repair market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. Shipbuilding companies around the world are increasingly using green shipbuilding technologies to comply with environmental rules and regulations. Technologies being used for shipbuilding include ships with no ballast systems that block organisms entering the ship and eliminate the need for sterilisation equipment; sulphur scrubber systems; waste heat recovery systems; speed nozzles; exhaust gas recirculation systems; advanced rudder and propeller systems; fuel and solar cell propulsion systems; and the use of LNG fuels for propulsion and auxiliary engines. Ships built using these technologies have significant energy savings and low carbon emissions. For instance, Peace Boat, a Japanese non-profit NGO, has entered into an agreement with Finnish shipbuilding company Arctech Helsinki Shipyard for the construction of Ecoship, the world’s greenest cruise vessel. The Dean Shipyards Group is also coordinating a green LeanShips project aimed at creating fewer polluting vessels. Major companies in the shipbuilding and repairing market include Samsung Heavy Industries Co Ltd., Daewoo shipbuilding & marine engineering, General Dynamics, Huntington Ingalls Industries, China Shipbuilding Industry Corp, China CSSC Holdings Limited, Fincantieri SpA, BRUNSWICK CORPORATION, Mitsubishi Heavy Industries Ltd., and Austal. Asia-Pacific was the largest region in the shipbuilding and repairing market in 2022. Western Europe was the second largest region in the shipbuilding and repairing market. The regions covered in the shipbuilding and repairing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the shipbuilding and repairing market include Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The shipbuilding and repairing market include revenues earned by entities by construction of ships, their repair, conversion, and alteration. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global ship building and repairing market is segmented - 1) By Type: Ship Building, Ship Repairing 2) By Application: General Services, Dockage, Hull Part, Engine Parts, Electric Works, Auxiliary Services 3) By End-User: Transport Companies, Military, Other End Users

Ship repairing is the service provided after the sale of the ships because it involves giving the ship regular maintenance. The main types in the ship repairing market are oil and chemical tankers; bulk carriers; general cargo; container ships; gas carriers; offshore vessels; passenger ships; ferries; mega yachts; and other vessels. Oil and chemical tankers refer to the tankers that provide oil on ships and are transported. The various applications include general services, dockage, hull parts, engine parts, electric works, auxiliary services. The various end-users are transport companies, the military, and other end-users. The ship repairing market research report is one of a series of new reports from The Business Research Company that provides ship repairing market statistics, including global ship repairing industry size, regional shares, competitors with a ship repairing market share, detailed ship repairing market segments, market trends and opportunities, and any further data you may need to thrive in the ship repairing industry. This ship-repairing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global ship repairing market sizewill grow from $33.04 billion in 2022 to $36.65 billion in 2023 at a compound annual growth rate (CAGR) of 10.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global ship repairing market size is expected to grow to $54.05 billion in 2027 at a CAGR of 10.2%. The increasing seaborne trade is predicted to contribute to the growth of the shipbuilding market. The rising population, the surging purchasing power of consumers, and improving standards of living are increasing the demand for consumer goods, leading to high production and rapid industrialization. For instance, according to Hellenic Shipping News data 2021, in the first 10 months of 2021, the global seaborne coal trade increased by 5.1% y-o-y to 984.7 mln tonnes, from 936.7 mln tonnes in the January-October 2020 period. The manufacturing of eco-friendly and advanced ships is supported by the increasing requirement for efficient and cost-effective transport alternatives for the movement of goods. According to Alliance Experts, transport by sea allows shipping large volumes at a lower cost than transport by road, rail, and air. This scenario is expected to drive the demand for the shipbuilding market. The COVID19 pandemic affected shipbuilding and ship repair facilities globally to a great extent. The pandemic has disrupted almost every area of the shipping industry, after a promising 2019. All levels of operations were affected by yard closures, logistical challenges, and survey delays, while scrubber retrofitting also declined sharply. For instance, in March 2020, the Italian shipyard Fincantieri initially suspended manufacturing in its shipyards for two weeks due to the COVID-19 pandemic crisis, which was then extended for more than a month, which has impacted the business. Therefore, the impact of COVID-19 is expected to hinder the growth of the ship repairing market. Major companies in the ship repair sector are concentrating on the development of advanced technology services for ship repair. For example, in February 2020, Maindeck, a modern SaaS for the ship maintenance and repair industry with a particular emphasis on drydocking projects, launched a mobile inspection app from which they can delegate access to specific sections of the project. The app operates offline and immediately uploads when internet access is detected. In February 2020, Titan Acquisition Holdings, a bicoastal leader in ship repair and modernization and complex fabrication services for the defence industry, acquired Huntington Ingalls Industries for an undisclosed amount. This acquisition creates opportunities to better serve key defence customers through economies of scale, expanded scope, and performance optimization. Huntington Ingalls Industries, a US-based company, engages in the designing, building, overhauling, and repairing of military ships. Major players in the ship repairing market are Hyundai Mipo Dockyard Co Ltd., China Shipbuilding Industry Corporation (CSIC), Damen Shipyards Group, Sembcorp Marine Ltd., Oman Drydock Company, Cochin Shipyard Limited, United Shipbuilding Corporation, Arab Shipbuilding and Repair Yard, Fincantieri S.p.A, Keppel Offshore and Marine. Asia-Pacific was the largest region in the global ship repairing market in 2022. Western Europe was the second largest market in the global ship repairing market. The regions covered in the global ship repairing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries in the ship repairing market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, USA. The ship repairing market include revenues earned by entities by repairing of ships, conversion, and alteration. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global ship repairing market is segmented - 1) By Vessel Type: Oil and Chemical Tankers, Bulk Carriers, General Cargo, Container Ships, Gas Carriers, Offshore Vessels, Passenger Ships and Ferries, Mega Yachts and Other Vessels 2) By Application: General Services, Dockage, Hull Part, Engine Parts, Electric Works, Auxiliary Services 3) By End-User: Transport Companies, Military, Other End Users

Inland water freight transportation refers to a mode of transportation over stretches of water, not part of the sea, over which crafts with a carrying capacity of at least 50 tonnes can navigate when normally loaded to provide inland water transportation of passengers and cargo on lakes, rivers, or intracoastal waterways. The main types of transportation in the inland water freight transport market are liquid bulk transportation and dry bulk transportation. Dry bulk transportation involves the shipment of dry raw materials in large, unpackaged parcels. It is also segmented by fuel into heavy fuel oil, diesel, biofuel, and others; and by vessel type into cargo ships, container ships, tankers, and others. The inland water freight transport market research report is one of a series of new reports from The Business Research Company that provides inland water freight transport market statistics, including inland water freight transport industry global market size, regional shares, competitors with an inland water freight transport market share, detailed inland water freight transport market segments, market trends and opportunities, and any further data you may need to thrive in the inland water freight transport industry. This inland waterway freight transport market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global inland water freight transport market size will grow from $16.99 billion in 2022 to $17.82 billion in 2023 at a compound annual growth rate (CAGR) of 4.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global inland water freight transport market size is expected to grow to $20.70 billion in 2027 at a CAGR of 3.8%. The need for economical transportation for cargo has been the main driving factor for the inland water freight transport market. Water freight is usually considered inexpensive and economical for heavier cargo because of the difference in fare charging in comparison to other modes of transport. On water transport, the rate is often calculated by the cubic metre of the standard container. On the other hand, in air transport, the chargeable weight is calculated by a combination of size and weight of cargo. According to the U.S. Department of Transportation, goods worth approximately $736 billion were shipped through ocean vessels in 2000, and by 2020, international trade is expected to double within the US, with the majority of the trade expected to move via ocean shipping. According to the World Bank, which is the major financer of India's National Waterway Project, the cost of transporting one tonne of freight over 100 km through roadways is around $3.07; through railways it is around $1.93; and through waterways it is around $1.62; and this makes waterways the economical way of transporting cargo in India. Volatility in the crude oil price is impacting water transport, and therefore it is expected to restrain the market for inland water freight transport during the period. According to the United Nations Conference on Trade and Development, fuel oil is a major source powering the global economy and supplies 95% of the energy used in world transport. Water transport carries over 80% of global merchandise trade by volume and is highly dependent on oil. As the cost of oil rises, the carriers are forced to raise prices or bear losses. Usually, the receiver is charged more to make up for the added costs. Higher fuel costs cause product inflation and affect every aspect of product transportation. When fuel prices fall, the consumer receives goods at a low price, and logistics companies use the saved money to improve their operations. Fuel price changes have a direct impact on operational costs. For instance, according to US energy information administration data, crude oil prices rose during the year 2021, with Brent crude oil spot prices averaging $71/b for the year compared with $42/b in 2020, thus increasing the operating costs of water transport and hindering the inland water freight transport market's growth. The development of information technology platforms for better vessel management is an emerging trend in the inland water freight transport market. For instance, in April 2021, according to research published in Springer, a Germany based publishing company, about 80% of global trade by volume was carried by waterways, with a fleet of 95402 ships in 2019. Information technology on ships is used for fuel optimization and monitoring vessel performance, recognising scanned copies and photos of documents, customer relationship management, warehouse management, and Que management systems. A few significant online apps and portals used for operations management on ships are BunkerEx, an online portal for ship owners helping in finding optimal bunker ports; Nautilus Labs, which takes data from sensors, manual reports, and market information to get a unified fleet intelligence picture; and Radiantfleet, with its software, helps in digitising workflows, cutting costs, and improving budgeting. Therefore, the combination of digital and physical connectivity helps carriers and seaports integrate their processes with shippers and track devices for containers and cargo. In April 2020, Kirby Corporation, a USA-based waterway transport company, acquired Savage Inland Marin’s inland barge fleet for $278 million. With this acquisition, Kirby Corporation will be able to provide better service to customers’ fleeting needs with young and well-maintained vessels. Savage Inland Marine is a USA-based company operating in inland water freight transport. Major players in the inland water freight transport market are American Commercial Barge Line, Ingram Barge, Kirby Inland Marine, American River Transportation, CMA CGM Group, McKeil Marine Limited, AP Moller - Maersk A/S, Rhenus Group, and Imperial Logistics International. Western Europe was the largest region in the inland water freight transport market in 2022. Asia-Pacific was the second largest region in the global inland water freight transport market. The regions covered in the global inland water freight transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the inland water freight transport market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The inland freight water transport market includes revenues earned by entities by providing navigation as well as drainage, irrigation, water supply, and hydroelectric power generation. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global inland water freight transport market is segmented - 1) By Type Of Transportation: Liquid Bulk Transportation, Dry Bulk Transportation 2) By Fuel: Heavy Fuel Oil, Diesel, Biofuel, Other Fuels 3) By Vessel Type: Cargo Ships, Container Ships, Tankers, Other Vessel Types