New report available from Douglas-Westwood

Publications - January 3, 2003

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A new business study is now available from Douglas Westwood, The World Marine Propulsion Report 2003-2007.

The World Marine Propulsion Report 2003-2007, by Douglas-Westwood and marine industrydata specialists Lloyd's Register-Fairplay examines the future prospects for the marine propulsion sector.

Marine propulsion systems are expected to grow to become a $5 billion market by 2007. Over the next five years vessel tonnage delivered by yards is expected to increase by 4% while vessel numbers fall by 10%. However, total propulsion power should increase by 8% when compared to the 1997-2002 period.

Using information from the Lloyd's Register-Fairplay databases, The World Marine Propulsion Report analyses engine deliveries by type and manufacturer for the 9,789 commercial vessels over 100gt built over the past five years worldwide and shows the market shares established for all the significant players. The results show the shifts in market share amongst the leading engine companies and the relative decline of the South East Asian designs.

A specially developed model is used to forecast the market over the next five years. This takes into account the major factors that are likely to impact on the sector such as oil prices, increasing vessel sizes, and changes in global trade patterns.

Contents include: a review of different engine types, including low, medium & high-speed diesels, gas turbines, and electrical propulsion systems. Dynamic positioning systems, thrusters, pods and water jets are also reviewed together with power transmission systems, propeller design developments, control systems and the all-electric ship. Trends in engine development discussed include the effects of current & future regulatory requirements and demands for improvements in emission performance and fuel consumption.

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