Analysis of Important Steering Factors Which Give Success to Global Shipbuilding Leaders

Abstract

Shipbuilding is an important and strategic industry, because it has one of the highest multiplier effects among all other industries. Britain upto WW I, USA upto WW II, Japan after WW II, South Korea upto 2010 and China at present leading the global shipbuilding industry and enrich their other SMEs and backward linkage industries. The modern era of shipbuilding industry started its journey from the western countries. But due to the global impact as the cost of everything went up, the trend of shipbuilding industry was shifted from west to east. Thus the countries like China, Korea, Philippines and Vietnam are dominating the sectors. At present, the countries like Bangladesh, India, Indonesia, Turkey and Brazil are trying to hold the surplus market of shipbuilding industry, especially those demands that are not entertained by the traditional shipbuilding nations. Technical innovation and managerial skill always promote shipbuilding. During the process of the industrialization in the country, the shipbuilding industry developed due to huge internal demand for the ships as well. Financial support and involvement of government is the main driving force to grown up shipbuilding. It is an overview paper based on both primary and secondary information and extensive analysis of the fact and history of development of shipbuilding and design technology.