NEW DELHI--April 22, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The shipbuilding industry plays a vital role in global logistics and involves the construction of various types of ships such as cruise ships, cargo ships, tankers and naval vessels. Despite facing a slump in global shipbuilding orders due to economic slowdown and a downsizing ship-financing market in past years, rising seaborne trade, economic growth and increasing oil consumption have been driving the demand for container cargoes and tanker ships globally. Industrial Info is also tracking 256 active capital spending projects worth more than US$13 billion that are geared toward shipbuilding and repair.

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