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Enayam Port

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Tamil Research Institute<br />

RAPID TECHNO-ECONOMIC FEASIBILITY REPORT FOR<br />

DEVELOPMENT OF COLACHEL PORT AT TAMILNADU<br />

FINAL REPORT<br />

Shipping ancillary<br />

industries<br />

Shipping related<br />

services<br />

Other port based<br />

enterprises<br />

1<br />

4<br />

8<br />

Ship Building<br />

Ship financing<br />

Power plant<br />

2<br />

Ship Repair<br />

5<br />

Marine<br />

insurance<br />

9<br />

Tourism<br />

(Cruise<br />

shipping)<br />

3<br />

Bunkering<br />

6<br />

Ship brokering<br />

10<br />

Maritime<br />

Education<br />

7<br />

Ship<br />

chartering<br />

11<br />

Maritime R&D<br />

Figure 83: Allied Industries<br />

This section analyses feasibility of each of the industries in context of the <strong>Enayam</strong> port.<br />

1. Shipbuilding<br />

Globally, the shipbuilding industry is struggling with overcapacity leading to closures and bankruptcies of ship<br />

building companies.<br />

Consistent excess of capacity over completions<br />

Shipbuilding capacity and completions in million CGT<br />

60<br />

Completions<br />

Capacity<br />

40<br />

20<br />

41<br />

46 50<br />

44<br />

52<br />

56 51<br />

45<br />

50 50 48<br />

42 42 45<br />

39<br />

34<br />

0<br />

2008 2009 2010 2011 2012 2013 2014<br />

2015<br />

Number of active shipyards fell at 12% CAGR between 2009-13<br />

Number of active shipyards<br />

1,500<br />

-12%<br />

1,000<br />

500<br />

1,168 1,098 1,020<br />

918<br />

696<br />

0<br />

2009<br />

2010<br />

2011<br />

2012<br />

Source: Media reports; Summer 2011, POSRI Chindia Quarterly<br />

Figure 84: Global overcapacity in shipbuilding<br />

2013<br />

92<br />

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