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The World Shipbuilding Industry Is Forecast To Spend $9.2 Billion on Marine Propulsion Systems in 2006 and This Is Set To Rise Through to 2008.



DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c43845) has announced the addition of "The World Marine Propulsion Marine propulsion is the act of moving an object through the water or across its surface. The most common types are underwater propeller, water jet, paddle wheel and, experimentally, magnetohydrodynamic drive.  Report 2006-2010" to their offering.

This new 3rd edition of the report examines the future prospects for the marine propulsion sector.

It discusses marine propulsion systems, reviewing technical developments and considering future trends impacting on the marine propulsion business.

The world shipping and shipbuilding industry Noun 1. shipbuilding industry - an industry that builds ships
industry - the people or companies engaged in a particular kind of commercial enterprise; "each industry has its own trade publications"

shipbuilder - a business that builds and repairs ships
 is currently enjoying a strong upturn, so therefore is the propulsion market.

"Propulsion system Noun 1. propulsion system - a system that provides a propelling or driving force
system - instrumentality that combines interrelated interacting artifacts designed to work as a coherent entity; "he bought a new stereo system"; "the system consists of a motor and a
 and engine values are expected to grow considerably over the forecast period."

In common with other reports in this acclaimed series, 'The World Marine Propulsion Report' is designed for executive readers and does not assume the reader has a detailed technical knowledge of the subject.

Contents include: a review of different engine types, including low, medium & high-speed diesels, gas turbines, and electrical propulsion systems. Dynamic positioning Dynamic positioning (DP) is a system to automatically maintain a ship’s position and heading by using her own propellers and thrusters. This allows operations at sea where mooring or anchoring is not feasible due to deep water, congestion on the sea bottom (pipelines, , thrusters, pods and water jets are also reviewed together with power transmission systems, propeller design developments, control systems and the all-electric ship.

Trends in engine development discussed include the effects of current & future regulatory requirements and demands for improvements in emission performance and fuel consumption.

A section of the report considers the needs of the special vessel fleet including offshore and fast passenger vessels.

DETAILED ANALYSIS:

Using information from the Lloyd's Register - Fairplay Lloyd's Register - Fairplay is a provider of maritime information to the shipping industry.

Lloyd's Register traces its origins to the coffee house of Edward Lloyd, which, in the latter part of the 17th century, had become a meeting place for those with a professional
 databases of worldwide vessels of 100 GRT GRT Great
GRT Glimcher Realty Trust
GRT Grand River Transit (Waterloo, Canada)
GRT General Relativity Theory
GRT Group Rapid Transit
GRT Gruppo per le Relazioni Transculturali
 and above, 'The World Marine Propulsion Report' gives a detailed analysis of the main data on the sector and shows the trends impacting on engine deliveries over the past five years

Analysis includes the relationship between global GDP GDP (guanosine diphosphate): see guanine.  and world seaborne sea·borne  
adj.
1. Conveyed by sea; transported by ship.

2. Carried on or over the sea.


seaborne
Adjective

1. carried on or by the sea

2.
 trade, vessel deliveries by type, gross tonnage output, total propulsive power and the number of vessels delivered by region.

Engine deliveries are analysed by engine type and manufacturer and the market shares established for all the significant players.

MARKET FORECASTS:

A specially developed model is used to forecast the market over the next five years. This takes into account the major factors that are likely to impact on the sector such as oil prices, increasing vessel sizes, changes in global trade patterns etc.

The results are output as a series of tables and charts forecasting sales from 2006-2010 by differing types of propulsion systems both in units and US$ values segmented by region and vessel type.

The world shipbuilding industry is forecast to spend $9.2 billion on marine propulsion systems in 2006 and this is set to rise through to 2008. From 2009-10 the recommencement Re`com`mence´ment   

n. 1. A commencement made anew.

Noun 1. recommencement - beginning again
resumption
 is expected of more 'normal' activity levels, as the new tonnage filters through and is absorbed by the market. Over the period 2006 to 2010, $47.2 billion is likely to be spent compared with $26.9 billion over the previous five year period - an increase of 76%. These are amongst the findings of the latest edition of The World Marine Propulsion Report 2006- 2010.

In 2006 alone, engines are likely to be installed with a total power output of 24.5 GW. According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 the study analyst Georgie MacFarlan, "this is the equivalent to the total capacity of 20 nuclear power stations This is a list of major nuclear power plants in all countries in the world.

This is an incomplete list. You can help

Name of power station Installed capacity in MW Country
Atucha I nuclear power plant 357 Argentina
.

Shipbuilding boom continues

"The world shipping and shipbuilding industry is currently enjoying a strong upturn. In early 2005, China displaced Britain as the world's fourth biggest economic power. This is reflected in the increase in the market to satisfy this boom.

"World economic growth is buoyant and it is expected to remain strong in the medium term boosted by the very strong growth of the Chinese economy and, to a lesser extent, in other developing economies. World seaborne trade has increased due, in part, to a boom in demand for commodities such as oil & steel. The commercial shipping industry has become more profitable than during the previous decade and confidence has grown. The overall result has been a surge of orders for vessels and yards currently have full order books.

"We expect record years ahead with shipbuilding output over 50 million gross tonnes for 2006, 2007 and 2008 with compensated gross tonnage (cgt) output in 2006 and 2007 of over 34 million respectively.

"Due to the cost of new-builds increasing over the period, the total value of shipbuilding output is expected to exceed $80 billion by 2008 with over 2,300 vessel deliveries and nearly 3,300 main engine installations.

Starting to return to trend

It is unlikely that such high economic growth rates Growth Rates

The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures.

Notes:
Remember, historically high growth rates don't always mean a high rate of growth looking into the future.
 can continue indefinitely and from 2009- 10 we expect the recommencement of more 'normal' activity levels.

Shipbuilding output may only start falling at the end of the forecast period, as such high ordering activity levels have led to long delivery lead-times on vessels. Output by 2010 is, we believe, set to fall back to levels just above 2005, at 48 million gross tonnes. However, in value terms, the propulsion market in 2010, bolstered by high new-building costs, will be just.

Asian yards

"In 2001 Chinese yards accounted for 9% of main engine installations by value. By 2010, we forecast this to grow to 14%. South Korea is also expected to deliver substantially more vessels in our forecast period and to also grow its overall share. Japan's output will increase, but its overall share will decline slightly. Other Asian countries are expected to improve their performance and maintain market share.

High powered growth for LNG LNG (liquefied natural gas): see under natural gas.  

The high power requirement for container vessels means that this vessel sector will continue to require the greatest amount of main engine power. This will be followed by tankers and bulk/general cargo vessels. The sector with the strongest growth will be the LNG vessels, but tankers and containers will also show strong growth. Passenger/cruise will show a small overall decline with the fishing sector's decline being more pronounced.

LNG vessels are a special sector and this fleet will grow considerably as the LNG business continues to expand and the values of engines and propulsion systems will grow by more than 125%. under $9.4 billion with an engine market of around $6.9 billion.

Topics Covered Include:

- Summary & conclusions - unit sales unit sales

Sales measured in terms of physical units rather than dollars. Unit sales data are often used by financial analysts when evaluating the health of a company.
 of engines and US$ values 2006-10. Macro trends likely to impact on the marine propulsion business.

- Introduction - propulsion system configurations on different vessel types.

- Engines - low, medium and high-speed diesels. Two-stroke and four-stroke diesel, heavy fuel oil four-strokes, auxiliary power, gas engines, turbochargers, management systems, fuel injection; electronic, hydraulic, common rail.

- Electric propulsion - power generation, electric motors, pods, rim driven pods.

- Thrusters - azimuth azimuth (ăz`əməth), in astronomy, one coordinate in the altazimuth coordinate system. It is the angular distance of a body measured westward along the celestial horizon from the observer's south point. , tunnel, retractable re·tract  
v. re·tract·ed, re·tract·ing, re·tracts

v.tr.
1. To take back; disavow: refused to retract the statement.

2.
, waterjets, pump jets.

- Turbines - gas turbines, combined cycle units, steam turbines.

- Fuels - fuels for marine diesel engines, gas turbines, alternative fuels; biodiesel, LNG, CNG CNG Compressed Natural Gas
CNG Calling (Tone)
CNG Comfort Noise Generation
CNG Cryptography Next Generation (Microsoft Windows Vista)
CNG Centre National de Génotypage
, solar power, hydrogen, fuel cells, nuclear, windpower.

- Emissions - MARPOL MARPOL International Convention for the Prevention of Pollution from Ships
MARPOL Maritime Pollution
MARPOL Marine Pollution convention
, USA, Europe, control methods, exhaust treatments, selective catalytic reduction Selective catalytic reduction (SCR) is a means of removing nitrogen oxides, often the most abundant and polluting component in exhaust gases, through a chemical reaction between the exhaust gases, a (reductant) additive, and a catalyst. , other exhaust treatments.

- Propellers - history, propeller types, ducted, ring, contra-rotating, Voith- Schneider, design, cavitation cavitation

Formation of vapour bubbles within a liquid at low-pressure regions that occur in places where the liquid has been accelerated to high velocities, as in the operation of centrifugal pumps, water turbines, and marine propellers.
, manufacture.

- Transmission - gears, shaft alignment, bearings & seals, composite shafts, couplings, rudders.

- Control systems - engine control, integrated bridge, DP, heading and motion.

- Special vessels - container ships, LNG carriers, tugs, coastguard vessels, offshore, fast Ropax vessels, 'fast' ships, ground effect craft.

- Shipbuilding & propulsion 2001-2005 - vessel construction, vessel sizes, regional analysis, vessel types, engine types, manufacturers.

- Market forecasts to 2010 - by vessel numbers, gross tonnage, vessel value, power from main engines, engine numbers, propulsion systems value, main engine value, engine makers market share.

- Appendices - company profiles.

For more information visit http://www.researchandmarkets.com/reports/c43845
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Date:Oct 19, 2006
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