PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Demand for Offshore Vessels and Replacement will Drive India’s Shipbuilding and Repair Market Finds Frost & Sullivan - The shipbuilding and repair market in India is poised to pick up momentum with the increasing penetration of Indian shipbuilding companies in the offshore vessels (OSVs) segment
Demand for Offshore Vessels and Replacement will Drive India’s Shipbuilding and Repair Market Finds Frost & Sullivan

 

NewswireToday - /newswire/ - Mumbai, India, 2011/01/19 - The shipbuilding and repair market in India is poised to pick up momentum with the increasing penetration of Indian shipbuilding companies in the offshore vessels (OSVs) segment.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Boat/Yacht/Sailboat Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Indian companies have established strong credentials in the building and repair of OSV, resulting in a spike in orders for such vessels from the Indian industry. The limited capacities related to OSVs in leading shipbuilding nations such as Japan and South Korea are resulting in diversion of orders to India, driving up the fortunes of the Indian shipbuilding and repair market.

Growth in multimodal transportation infrastructure and integrated logistics parks leads to significant logistic outsourcing opportunities. The aging fleet of shipping companies in India is another factor energizing prospects for the shipbuilding and repair market in the country.

New analysis from Frost & Sullivan (automotive.frost.com), Strategic Analysis of Shipbuilding and Repair Market in India, finds that the market earned revenues of $1.60 billion in 2010 and expects this to reach $3.50 billion in 2016.

"About 40 percent of the India-owned fleet is more than 20 years old, and Indian owners will need to spend about $4 billion to replace these during 2010-2015," says Frost & Sullivan Transportation & Logistics Program Manager Srinath Manda. "In addition, the International Maritime Organization (IMO) has mandated the phasing out of all single-hull vessels by 2010, and single hull tankers constitute about 15.8 percent of the total vessels owned by Indian shipping companies."

The future of the Indian shipbuilding and repair market looks promising and is likely to double in size in the next five to six years. The growth potential is further enhanced with the Indian Government aiming for the nation’s shipbuilding sector to attain a 5 percent share in the global market by 2017.

Although the outlook for the market is bright, there are some challenges clouding its landscape. "India has a vast coastline, but there is an acute shortage of deep draft water space along the coast," says Srinath. "This restricts the type and size of ships that can be built or repaired in India, thereby severely curbing the full growth potential of the Indian shipbuilding and repair market."

Shipbuilding and ship repair are both labor-intensive activities and fulfilling the requirements of this industry is proving to be a market bottleneck.

The Indian Government is encouraging greater private participation in the sector and a new world-class commercial shipyard is being built on the eastern coast. These factors will rev up growth prospects for the market. The Government is also facilitating improvements in port and infrastructure facilities and easing regulations and taxes to assist the industry in addressing the challenges and overcoming its barriers. Participants in this space are striving to gain a foothold in the small and special category vehicles segment, such as offshore vessels to optimize business traction.

If you are interested in more information on this study, please send an email to Ravinder Kaur / Priya George, Corporate Communications, at ravinder.kaur[.]frost.com/priyag[.]frost.com with your full name, company name, designation, telephone number, company email address, company website, city, state and country.

Strategic Analysis of Shipbuilding and Repair Market in India is part of the Automotive & Transportation Growth Partnership Services program, which also includes research in the following markets: Strategic Assessment of Growth Opportunities in Indian Warehousing Market, Strategic Assessment of Containerization Trends in India, and Strategic Analysis Of Air Cargo Market Opportunities in India. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents.

Strategic Analysis of Shipbuilding and Repair Market in India / P45F-18

Contact:
Tanu Chopra, Corporate Communications – Middle East
P: +91 22 4001 3437 / F: +91 22 2832 4713 - E: tanuc[.]frost.com.

Nimisha Iyer, Corporate Communications - South Asia & Middle East
M: +91 98200 50519 / P: +91 (22) 40013404 - E: niyer[.]frost.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Boat/Yacht/Sailboat Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Boat/Yacht/Sailboat articles,
CATCH Visitors via Your Competitors Announcements!


Demand for Offshore Vessels and Replacement will Drive India’s Shipbuilding and Repair Market Finds Frost & Sullivan

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Frost & Sullivan |
Publisher Contact: Ravinder Kaur / Priya George 
+91 44 4204 4760 / +91 98403 55432 ravinder.kaur[.]frost.com / priyag[.]frost.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Boat/Yacht/Sailboat via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Frost & Sullivan / Company Profile


Read Boat/Yacht/Sailboat Most Recent Related Newswires:

BRP Extends its Evinrude Network of Boat Builders in Europe
GE Completes Upgrade Service to One of the World’s Most Famous Ocean Liners, Queen Mary 2
MAN Diesel Engines As Basis for Innovative Hybrid Drive System on MS Vision of The Fjords
European Premiere in Cannes for MAN's Internationally Acclaimed Yacht Engine i6-800
World’s First LNG-Powered Bulker with ME-GI Prime Mover Announced
BRP’s Evinrude Engines and Zodiac Boats Reach Agreement
The First MAN D2676 Engine for Work Boats Now Ready to Launch for Salmon Fishing in Alaska
Evinrude E-link Virtual Dashboard Offers Direct Control of Engine Features from A Mobile Device
BRP Expands New Era of Outboard Engines to New Power Range
Thales Signs OFSV Contract with Seaspan’s Vancouver Shipyards
GE Enters the Container Ship Industry, Equipping Maersk Line’s 2nd Generation Triple-E Vessels
BRP and Telwater Relationship Strengthened through New Outboard Distributor Agreement
MAN Unveils The Next Generation of Inline Six-cylinder Engines for Yachts
Nicole Haboush Joins Sovereign Marine Group
MAN Introduces Latest High-speed Diesel Engine MAN V12-1900

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  BizJobs.com

Visit  JobsWare.com





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)