Marine Industry Opportunities

An Expert's View about Ships, Boats in Thailand

Last updated: 12 Apr 2011

Thailand has an abundance of skilled craftsman. The existing shipbuilding infrastructure in Thailand, the quality of the works and the price advantages can be developed to accommodate the building of large luxury yachts, as an alternative location to European or US shipyards.

Sector briefing Marine Industry Opportunities in Thailand Why Thailand? Although the marine industry in Thailand is comparatively small compared to other countries in the region, it has the potential to become a regional hub for marine industry in South East Asia, particularly in the leisure marine market. The shipbuilding and repair industry in Thailand comprises 260 shipyards with a combined total revenue of £225 million. Thailand has an abundance of skilled craftsman. The existing shipbuilding infrastructure in Thailand, the quality of the works and the price advantages can be developed to accommodate the building of ?Thailand?s 2,000 km coast large luxury yachts, as an alternative location line bodes well for the to European or US shipyards. development of shipbuilding Find general information on the Thai market and repair industry, conditions on UKTI?s website. The Doing particularly in the leisure Business Guide for Thailand gives an overview marine business. of Thailand?s economy, business culture, potential opportunities and an introduction to other relevant issue. UK Trade & Investment Sector briefing: Marine industry opportunities in Thailand tradesman that have years of experience of Opportunities building commercial vessels out of steel and alloy. There are also an abundance of There are business oppotunities to be won with craftsman with the finishing skills who have the continuing development of the marine years of experience working on yachts. These industry in Thailand. The opportunities can be capabilities puts Thailand ahead of other divided into: countries in the region in this leisure marine market. Thailand has a great opportunity to be Commmercial Marine Market at the forefront of yacht manufacturing in the region. Although there are around 260 shipyards in Thailand, only around 5 shipyards are of Business opportunities significant size that are able to handle vessels up to 20,000 dwt. The increase in oil price There are business opportunities for UK over the past few years has shifted the focus of suppliers in the following areas: Thailand?s transportation mode from road to ? Yachts, both sailing and motorised marine transportation. The most promising ? Naval architecture/exterior types of commercial ships are coastal tankers, design/interior design offshore support vessels, inland waterway ? Deck equipment and machinery transport vessels and special purpose vessels, ? Accessories/auxiliaries such as tug boats, dredgers, patrol vessels etc. ? Environmental equipment ? Navigation equipment Under the Marpol convention, all Thai coastal tankers must have double hull from 2012 If you have any questions on the opportunities onward. Currently, Thailand has a fleet of 191 above, contact the UKTI contacts named in this coastal tankers, of which 113 are 25 years or report. Business opportunities aimed older and effectively have to be scrapped. This specifically at UK companies are added daily to will open up opportunities for new build vessels UKTI?s website. These leads are sourced by our to replace them, estimated at £1 billion. There staff overseas in British Embassies, High are also requirements of more that 100 Commissions and Consulates, across all sectors offshore support vessels. and in over 100 markets. Leisure Marine Market You can be alerted to business opportunities on a regular basis by registering on the UKTI Thailand has some of the most beautiful website. More on UKTI?s business opportunities beaches in the world and with over 250 islands service and 1,000 miles of coast line, it makes the perfect playground for the leisure marine industry. Since Thailand reduced the import duty on leisure marine vessels from 245% to 0%, the value of leisure marine vessels imported into Thailand has increased significantly. According to the Thai Customs Department, Thailand imported products in the leisure marine sector worth around £16 million annually. The leisure marine market in Thailand, supported mostly by expatriates and international tourists, relies heavily on imported yachts; at least 70% of all large yachts, both sailing and power, sold in Thailand are foreign made. In contrast, 60% of smaller speed boats sold in Thailand are locally made. Thailand already has much of the infrastructure needed to support its own yacht manufacturing industry. There is a wealth of skilled UK Trade & Investment Sector briefing: Marine industry opportunities in Thailand This can include: Major events and activities ? Provision of market information ? Validated lists of agents/distributors PIMEX ? Phuket International Boat Show ? Key market players or potential customers in the Thailand market Contact: Andy Dowden ? Establishment of interest of such Email: contacts in working with you ? Arranging appointments Time: January 2012 ? Organise seminars or other events for you to meet contacts and promote your Include this text as final paragraph: company in the Thailand market Find full details of all events in this country and sector on the UKTI website. This work is available via our Overseas Market New export events are added daily to the site Introduction Service (OMIS) a chargeable and you can register to be alerted to them on a service which assists British-based companies daily, weekly or monthly basis wishing to enter or expand their business in overseas markets. UKTI?s Tradeshow Access Programme (TAP) provides grant support for eligible Small & To find out more about commissioning this Medium Sized Enterprises (SME's) to attend work, or accessing other UKTI services and trade shows overseas. Find out more about specialist advice, please visit the UKTI website UKTI support for attendance at overseas to find contact details for your local UKTI events office. UKTI contacts Attakorn Saropala Trade & Investment Manager British Embassy, Bangkok Tel: +66 (0) 2305 8237 Email: Paul Reid Deputy Director of Trade & Investment British Embassy, Bangkok Tel: +66 (0) 2305 8294 Email: Next steps - How UKTI can help British companies wishing to develop their business in the Thailand market are advised to undertake as much market research and planning as possible in the UK. UKTI?s team in Thailand, with its wide local knowledge and experience, can provide a range of services to British-based companies wishing to grow their business in global markets. Whereas every effort has been made to ensure that the information given in this document is accurate, neither UK Trade & Investment nor its parent Departments (the Department for Business, Innovation & Skills, and the Foreign & Commonwealth Office), accept liability for any errors, omissions or misleading statements, and no warranty is given or responsibility accepted a s to the standing of any individual, firm, company or other organisation mentioned. Published 2011 by UK Trade & Investment. Crown Copyright © UK Trade & Investment Sector briefing: Marine industry opportunities in Thailand
Posted: 12 April 2011, last updated 12 April 2011