Shipbuilding

THE EUROPEAN COMMUNITY

BACKGROUND REPORT

Overview of the international commercial shipbuilding industry

FIRST MARINE INTERNATIONAL LIMITED May 2003

Background Report CONTENTS

1 INTRODUCTION................................................................................................................1 1.1 Introduction .......................................................................................................................1 1.2 First Marine International...................................................................................................1 1.3 Sources ..............................................................................................................................2 2 KEY TERMINOLOGY (TONNAGE AND CAPACITY)..................................................3

3 THE MERCHANT FLEET.................................................................................................5 3.1 Overview ...........................................................................................................................5 3.2 Bulk cargo carriers .............................................................................................................6 3.3 Other cargo-carrying ship types..........................................................................................8 3.4 Niche ship types .................................................................................................................8 3.5 Small shipbuilding .............................................................................................................9 4 OVERVIEW OF THE SHIPBUILDING PROCESS........................................................11

5 THE HISTORICAL MARKET PERSPECTIVE.............................................................13 5.1 Development of demand...................................................................................................13 5.2 Development of capacity and the effect on...