There are just 358 active shipbuilding yards around the world today, a figure that will continue to decline, according to a report from Clarkson Research. The figure is down by 62% from 2009, near the peak of the current shipbuilding cycle when there were a record 934 active yards globally.
An active yard is defined by Clarkson Research as one with at least one unit (1,000+ gt) on order.
“The largest drop has been in the bulker sector, but the number of active yards has also declined significantly elsewhere. Furthermore, 30% of currently active yards are set to complete construction of ships on their orderbook by the end of this year. With these trends in place, it will be no mystery as shipyard capacity continues to slide,” Clarkson Research noted.