World shipbuilding growth to continue

Asia Pulse today reports that world shipbuilding growth is set to continue, with world demand growth for shipbuilding steel plate averaging about 6 per cent per annum through to 2008.

With demand driven by shipbuilding orders centred on South Korea, 2004 shipbuilding plate demand of approx. 4.6 million tonnes increased to ~5.1 mt in 2005. The 2006 demand forecast is 5.4mt, with Korean 2008 shipbuilding plate consumption estimated at 6.0mt.

Steelonthenet.com assess total world demand for shipbuilding plate at ~15-16 million tonnes/year in 2005.

Daily shipbuilding industry news from around the world can be found at www.steelonthenet.com/feeds/shipbuilding.php.

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