Passenger ship market will continue steady growth 

Date: 2009-07-29 

According to the British Lloyd's Register Fairplay magazine's latest market forecast ships, passenger ships will continue to moderate but steady growth the next five years the market .

Fairplay study published in the latest monthly report, including passenger ships and passenger ferries, cruise ships and large passenger ships, including private yachts provide a detailed market analysis and forecasting.

Analysis and forecasting reveals that the new rate of decline in passenger demand for the shipping industry in relation to a drop in demand of other smaller ships.

This was mainly due to passenger transport, as most investors to avoid the crazy custom-made in previous years. Passenger ship demand and supply of environmental and other  is now a huge surplus of capacity in other vessels is different from the shipping industry. 

In the passenger fleet is the largest ferry. To May 2009, the ferry fleet of ships of a total of 6,316 vessels.  Only the passenger and goods passenger ship dual-use 50% or less.

The report said that in the past five years the annual growth rate of 0.5% in passenger ships, passenger ships the next five-year growth of 0.4 percent, so a small decline. Converted, and that will be delivered the next five years a total of 518 new vessels over the past five years the delivery of 637 declined.

Global Tourism fleet currently has 507 ships, the next five years will be an increase of 2% growth in almost the same in the past five years. Reported that the growth curve is relatively smooth, reflecting a large tourist boat operators in the capital investment cautious.

The short term, the tourism industry has been over the current economic crisis, but at least the confidence of consumers out of the second half of 2009 may be a great rebound.

However, the bottom line is concerned, the majority of shipping companies in terms of tourism, income may be very low. For smaller companies, tourist boats and even more bleak the prospects.