Foreword 3

Acknowledgements 4

Executive summary 5

1 Global perspectives: Overview of the world market 9

1.1. Shipbuilding 10

1.2. Other market 22

1.3. Market trends 27

2 Structure and characteristics: Feature of Japanese maritime industry 38

2.1. Structure of the Industry 39

2.2. Components of the Industry 43

3 Competitiveness 51

3.1. Feature of the shipbuilding industry in Japan (SWOT analysis) 52

3.2. Comparative analysis of Japan and Korea in the shipbuilding industry 54

Annex A. Recent measures for shipbuilding sector 55

References 56