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Global Shiprepair Market Faces Further Consolidation, Competition For those convinced that the latest round of corporate consolidations is the last, think again. According to a new report from Drewry, the announcement by Keppel and Hitachi to further amalgamate the shiprepair indus- try in Singapore is the latest indication of a changing market structure through increased consolidation, diversification and an increased competitiveness from low cost emerging nations. The intense competition prevalent within the industry is exemplified by the announcement of the two giant Singapore based conglomerates Keppel Corp. and Hitachi Zosen to merge their shiprepair and building activities in a $165-million deal, Drewry noted in "Shiprepair And Conversion: The Global Outlook." The merger gives Hitachi and Keppel interests of around 31 percent and 56 percent, respectively and heightens consolidation in the region as Sembawang and Jurong followed a similar path in 1997 effectively reducing the big four into two without reducing capac- ity. The global shiprepair market experienced concentrat- ed restructuring during the 1980s as yards responded to changing market conditions and trading patterns in line with ship owners. The 1990s have continued to follow this pattern. In the 1990s, it is estimated that shiprepair capacity based on dry-docks and floating facilities for vessels in excess of 10,000-dwt has changed its struc- ture dramatically. In North Europe, capacity in dead- weight terms has increased by 20 percent since 1990, while that in the Far East has risen by 70 percent (albeit that this includes an effective reclassing of existing facilities in Taiwan). SE Asia has witnessed 30 percent growth in repair facilities doubtless inspired by the aging tanker fleet. On the other hand there has also been a dramatic fall in capacity in North America — the 20 percent decline mainly on the eastern seaboard. Built for Extremes Mg^ m J^ MM M % M. ® srbr ftOOKOM BLOCKS AND FORGINGS Since 1890 Skookum • Ulven • RopeMaster • BCM MARINE - LOGGING MINING - OFFSHORE FISHING - CONSTRUCTION Made in U.S.A. 1 -800-547-8211 For a Dealer Near You P.O. Box 280 • Hubbard, OR 97032 U.S.A. « Fax: (503) 651-3409 ^ Circle 318 on Reader Service Card Circle 314 on Reader Service Card ELECTRICAL INSTRUMENTS NEW Voltmeters and Ammeters with built-in selector switch Many other Instruments available Sizes available: 72x72mm (2.S3" sqr.) Voltmeter Part* EC4V7 Ammeter Parttt EC4V4 96x96mm (3.78" sqr.) Voltmeter Part# EC3 V7 Ammeter Part# EC3V4 JELCO UTA, INC 2508 Lakebrook Court Atlanta, GA 30360-1715 Phone (770) 455-9110 Fax (770) 457-3754 SELCOUSA@worldnet.att.net CERTIFIED WATER TAXIS, TOUR BOATS, SMALL FAST FERRY BOATS, PILOT BOATS, RIB'S & GOVERNMENT BOATS Established 1957 40' - 49 Passenger Water Taxis for Long Beach Public Transportation Co., operated by Catalina Express WILLARD MARINE, INC. 1250 N. Grove Street, Anaheim, CA 92806 U.S.A. Phone: 714-666-2150 ext. 211 • Fax: 714-632-8136 Web site: http://willardmarine.com e-mail: webmaster@willardmarine.com I WILLARD , w ^MARINE § Circle 347 on Reader Service Card S3] SUPERIOR ENERGIES INC. TEMP-SET® INSULATION COVERS MANUFACTURING AND CONTRACTING Removable Reusable Temp-Set Insulation Covers, Manifolds, Turbos, Silencers, and complete Exhaust Systems. • Reduce engine room temperature • Lower engine room noise • Easy to assemble • Coast Guard Compliant ACOUSTICAL INSULATION ASBESTOS ABATEMENT TURN-KEY JOBS Let us take care of all your insulation and abatement needs WANT SUPERIOR QUALITY WANT SUPERIOR SERVICE CALL SUPERIOR ENERGIES INC. 1-800-BUY-SEI-1 P.O. Drawer 386, Groves TX 77619 Telephone: (409) 962-8549 Fax: (409) 962-4027 Website: www.insulationsei.com Circle 326 on Reader Service Card Maritime Reporter/Engineering News
