SUPPORT FOR THE WORLD SHIPBUILDING INDUSTRY

Part 1 of this study covers the growth of world shipbuilding in the period 1970-76 and discusses the factors which have led to the current chronic overcapacity. Part 2 is devoted to a brief examination of the traditional forms of government support available to the shipbuilding industry, which have been present since the early 1960's, and concludes that while government support may be justified in the short term on social and political grounds, the very existence of subsidies has been to the long term detriment of the industry by preventing necessary restructuring and encouraging over-capacity. Part 3 deals comprehensively with individual shipbuilding countries, analysing their production and order positions and the measures which governments have recently introduced to aid the industry. This section also examines and evaluates OECD and EEC policies on shipbuilding. The final section forecasts the probable over-capacity in 1980 and 1985, and reveals that further substantial cuts are required if the industry is not to remain in the permanent state of over-capacity relying on government support.

• Corporate Authors:

  Drewry (HP) (Shipping Consultants) Limited

  Palladium House, 1-4 Argyll Street
  London W1V 1AD,   England 
• Publication Date: 1976-12

Media Info

• Pagination: 54 p.

Subject/Index Terms

• TRT Terms: Shipbuilding; Subsidies
• Subject Areas: Construction; Finance; Marine Transportation;

Filing Info

• Accession Number: 00148511
• Record Type: Publication
• Source Agency: Drewry (HP) (Shipping Consultants) Limited
• Report/Paper Numbers: No. 50 Econ Study
• Files: TRIS
• Created Date: Feb 23 1977 12:00AM