Europe Dominates Cruise Ship Construction
European Shipyards Set Sail with Cruise Industry Boom
European shipyards are riding a wave of success, building the vast majority of the world’s cruise ships and securing billions in future orders.
New data from the Cruise Lines International Association (CLIA) reveals that a staggering 97% of the global cruise fleet was constructed in Europe. this trend shows no signs of slowing down, with 98% of new ships, based on cost, slated for construction on the continent.
The investment is massive. Cruise lines are pouring €57 billion into new European-built ships between 2024 and 2036, with even more orders expected.
Over the next 12 years, 72 out of 76 new ocean cruise ships (97%) will be built in European shipyards. Italy leads the pack, with 40 ships (52.6%) set to be constructed there, followed by Germany (12 ships, 15.8%) and France (10 ships, 13.2%).
this reliance on European shipbuilding extends beyond new construction. Most cruise ships also undergo retrofitting and refurbishment at European shipyards,further solidifying the continent’s dominance in the industry.
The cruise industry’s impact on Europe’s economy is significant. Cruise ships represent a whopping 80% of the value of commercial ship orders for European shipyards. This translates into jobs and economic activity across the continent,involving a vast network of companies from steel suppliers to high-tech equipment manufacturers and interior designers.
SeaEurope, the Shipyards’ & Maritime Equipment Association, highlights the breadth of the European marine technology industry, encompassing approximately 300 shipyards and over 28,000 maritime equipment manufacturers and technology providers.
Beyond the economic benefits, the cruise industry also plays a crucial role in maintaining europe’s technical expertise in complex shipbuilding and industrial innovation. This know-how can then be applied to military shipbuilding, bolstering the continent’s security.
European Shipyards Ride the Wave of Cruise Industry Boom
NewsDirectory3.com – European shipyards are enjoying a period of unprecedented success, dominating the global construction of cruise ships and securing billions in future orders, according to new data from the Cruise Lines International Association (CLIA).
A staggering 97% of the world’s cruise fleet currently sails from european shipyards, a trend expected to continue with 98% of new ships, based on cost, slated for construction on the continent between 2024 and 2036.
The investment in this sector is monumental. Cruise lines are pouring €57 billion into European-built ships during this period,with even more orders anticipated. Over the next 12 years,72 out of 76 new ocean cruise ships (97%) will be constructed in European shipyards,solidifying the continent’s leadership.
Italy leads the charge, with 40 ships (52.6%) scheduled for construction there. Germany follows with 12 ships (15.8%),and France with 10 ships (13.2%). This reliance on European shipbuilding extends beyond new construction; most cruise ships also undergo retrofitting and refurbishment at European shipyards.
The significant impact of the cruise industry on europe’s economy cannot be overstated. Cruise ships represent an remarkable 80% of the value of commercial ship orders for European shipyards. This translates into jobs and economic activity across the continent, supporting a vast network of businesses, from steel suppliers and high-tech equipment manufacturers to interior designers.
SeaEurope, the Shipyards’ & Maritime Equipment Association, emphasizes the breadth of the European marine technology industry, encompassing approximately 300 shipyards and over 28,000 maritime equipment manufacturers and technology providers.
Beyond economic benefits,the cruise industry is vital for maintaining Europe’s technical expertise in complex shipbuilding and industrial innovation. This know-how can than be applied to military shipbuilding, bolstering the continent’s security.