Outlook for Commercial and Government Sectors
Diversification is more important today than ever before in shipyard industry history. The days of building only one type of vessel for only one niche market in the industry are numbered. Fewer and fewer shipyards have this business model. The more diverse a shipyard is, the better chance it has of landing multiple contracts in different industry sectors. Tomorrow’s shipyards should look for commercial and government work and be able to build in steel, aluminum and composite materials. Will this lead to more consolidation? What is working now? What shipyard owners can expect in the future.