subject: Cruise Shipping To 2015 - A Realistic Appraisal Of Prospects --- Aarkstore Enterprise [print this page] Cruise shipping currently faces market conditions unprecedented in this hitherto highly expansionary sector - demand was hit hard by the events of September 11th and continues to exhibit very visible signs of damage, whilst the scale of recent years new vessel ordering by the major lines guarantees large-scale fleet growth over the near-term.
The structure of the industry is also undergoing large-scale change, with underlying emerging problems for many operators accentuated by the recent demand downturn and leading to cases of bankruptcy, with increased consolidation by the major groups.
The trend to ever-larger ships continues at a rapid pace, whilst new concepts for cruise ship design and operation continue to emerge, with varying degrees of success in terms of being turned into reality.
In terms of vessel itineraries, the widening diversity of locations acting as home-ports and the opening-up of new markets continue to offer substantial opportunity for large-scale changes in cruise patterns throughout the next decade and beyond.
This Report - the 9th in-depth passenger shipping industry analysis published by OSC - highlights the current/recent developments throughout the industry, and presents detailed forecasts on what is likely to be witnessed over the period to 2015 in the areas of:-
* The Cruise Ship Fleet
* Cruise Ship Operators
* Patterns of Vessel Employment
* Cruise Ship Repair & Newbuilding Yards
* Cruise Ship Ports
* Cruise Markets.
The Report provides an invaluable independent set of detailed analyses on the future development prospects for all aspects of cruise shipping. It is essential reading for all parties with an interest in this rapidly changing sector.
Table of Contents :
SECTION 1 INTRODUCTION & EXECUTIVE SUMMARY
Includes an overview of the aims of the Report, together with a summary of the main points emerging from the Report.
SECTION 2 WORLD CRUISE SHIP FLEET
Analyses the past/current/future development of the world fleet of cruise ships.
All aspects of the fleet are examined - age, size, flag etc. - with detailed analyses highlighting the most recent developments emerging from the specifications and design of the most modern tonnage recently ordered and delivered.
SECTION 3 CRUISE SHIP OPERATIONS
The world cruise ship industry has become increasingly dominated by a relatively small number of individual companies, often controlling several individual cruise line brands.
This Section examines the leading players in the international cruise shipping industry, in terms of their vessels, and subsidiary cruise lines/brands. With full reference to newbuilding orders recently placed and expected, the analysis includes full consideration of the extent of current and likely future market shares for the leading players. This is applied to the overall world fleet as well as specific size sectors of the fleet. With so much current industry discussion and speculation on the issue of a small number of companies dominating the industry, this Section clarifies the current and near- term future situation.
SECTION 4 WORLD CRUISE SAILING PATTERNS
The structure of the world cruise shipping industry in terms of the significance of individual areas of vessel deployment is changing constantly. Drawing on a detailed database of all cruise ship employment patterns in the world, this Section offers the most detailed and comprehensive set of analyses possible on current/recent cruise ship demand and employment activity.
SECTION 5 WORLD CRUISE PORTS
Examines and discusses the leading cruise ports throughout the world, in terms of facilities, recent/planned development, passenger volumes, and cruise lines served.
A number of newbuilding yards have become dominant within the cruise shipping sector in recent years. This Section examines these developments, and details some of the principal recent individual projects undertaken, and, with a significant lack of interest by cruise lines in placing new vessel contracts, examines the situation facing the major cruise shipyards.
With successful cruise ship newbuilding activity requiring a high level of expertise and specialisation, this Section also includes examination of how cruise vessel activity has been successful for some yards but financially disastrous for others.
The worlds leading cruise vessel ship repair yards are also examined and discussed.
SECTION 7 CRUISE SHIPPING: OUTLOOK FOR DEMAND TO 2015
Includes in-depth evaluations and discussions of worldwide and regional demand for cruise shipping in the period to 2015.
The demand projections incorporate full consideration of the demand profile of all of the main individual national markets, and their future prospects.
This Section therefore represents a comprehensive set of cruise shipping demand forecasts for the period to 2015.
SECTION 8 OUTLOOK FOR CRUISE FLEET DEVELOPMENT & VESSEL REQUIREMENTS TO 2015
The earlier analyses on the actual physical profile of cruise ships highlighted the emerging trends in terms of vessel design. This Section continues the detailed appraisal of vessel development in this regard, by considering the likely development of the fleet in the forward period.
In addition to this, a full listing and detailed discussion of cruise ships currently on order world-wide is presented, as too an evaluation of the forward demand implication for the size of the world cruise ship fleet, and future newbuilding requirements.
The overall Report provides an invaluable insight into the real market prospects facing international cruise shipping. In 195 pages, the Report represents the most up to date and comprehensive appraisal available of cruise shipping market prospects.
