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Feasibility Report Ship / Boat Building Nautical Tourism Marina Development

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Feasibility Report Ship / Boat Building Nautical Tourism Marina Development Feasibility Report Ship / Boat Building Nautical Tourism Marina Development Prepared by Sri Lanka Export Development Board No.42, Nawam Mawatha, Colombo 02. Tel: 011 - 2300705 / 11 Fax: 011 - 2300715 E - mail: [email protected] web: www.srilankabusiness.com aritime Services including Ship & Boat Building, Ship Repair and Maintenance, MBunkering Services, Nautical Tourism and Marina Development has been recognized as a leading industry and an emerging export sector, with the potential to become a key component of the country’s manufacturing and services sector. The industry offers a wide range of products and services to international markets. The SLEDB has identified the industry as a key product sector which could contribute significantly to achieve the country’s national export targets. he purpose of this Feasibility Study is to establish Sri Lanka’s export manufacturing/ Tservice capability and readiness of key support structures to achieve the above objective. The report includes the status of the global and local industry, level of local infrastructure facilities and government policies and initiatives along with the salient growth opportunities for the industry and salient constraints, risks and mitigating strategies. 2 | Page Table of Contents Acronyms .................................................................................................................................. 1 Executive Summary .................................................................................................................. 2 1. Overview of Sri Lanka ........................................................................................................ 6 1.1 Country Profile - Salient Country Facts .......................................................................... 6 1.2 Overview of the macro operating environment ............................................................ 7 1.3 Locational Advantages ................................................................................................. 10 1.4 Ease of doing Business and salient global indicators ................................................... 12 1.5 Institutions primarily focused on Investment Promotion for the Sector ..................... 14 1.6 Other Institutions facilitating the Sector ..................................................................... 15 1.7 Investment Environment ............................................................................................. 16 2. Synopsis of Government Plans for the Sector ................................................................. 18 2.1 Existing Ports, Harbours and Marinas around the Country ......................................... 18 2.2 Development Plans of the Government ...................................................................... 23 3. Overview of Waterborne Vessels .................................................................................... 28 3.1 Types of Ships .............................................................................................................. 28 3.2 Types of Boats .............................................................................................................. 30 4. Global Industry – Ships, Boats and Floating Structures ................................................... 31 4.1 Global Demand – Imports ............................................................................................ 31 4.2 Global Supply - Exports ................................................................................................ 33 4.3 Global Shipbuilding Market ......................................................................................... 35 4.4 Global Ship Repair and Maintenance Market .............................................................. 38 4.5 Global Boat Building Industry ...................................................................................... 39 5. Domestic Industry – Ships and Boat Building – Demand & Supply .................................. 40 5.1 Sri Lanka Imports ......................................................................................................... 40 5.2 Sri Lanka Exports ......................................................................................................... 41 6. Domestic Shipbuilding, Ship Repair and Bunkering Services Industry ............................. 43 6.1 Domestic Shipbuilding Market ..................................................................................... 43 6.2 Domestic Ship Repairs ................................................................................................. 45 6.3 Domestic Ship Bunkering Services ............................................................................... 47 7. Domestic Boat Building ................................................................................................... 49 7.1 Overview ..................................................................................................................... 49 7.2 Employment ................................................................................................................ 50 7.3 Key Players in Boat Building and the Products ............................................................. 50 7.4 Foreign Investment/Collaboration of private sector boat builders .............................. 53 7.5 Market Share of Key Players ........................................................................................ 53 3 | Page 8. Competitor Intelligence ................................................................................................... 54 8.1 Competitors in Ship Building ....................................................................................... 54 8.2 Competitors in Boat Building ....................................................................................... 54 8.3 Competitors in Ship Repairs ........................................................................................ 56 8.4 Competitors in Bunkering ............................................................................................ 56 9. Supply Chain .................................................................................................................... 57 9.1 Access to Major Components ...................................................................................... 57 9.2 Main Component Suppliers ......................................................................................... 58 10. Manufacturing Process.................................................................................................... 59 10.1 Ship Manufacturing – Main Process ............................................................................ 59 10.2 Fiber Glass Boat Manufacturing Process .................................................................... 60 11. Infrastructure, Logistics and Skilled Labour ..................................................................... 61 11.1 Location ....................................................................................................................... 61 11.2 Launching Sites for Boatyards...................................................................................... 62 11.3 Road Network .............................................................................................................. 62 11.4 Workshop and Factory Requirements ......................................................................... 63 11. 5 U ti li ti es ........................................................................................................................ 63 11.6 Export Delivery ............................................................................................................ 63 11.7 Skilled Labour .............................................................................................................. 64 12. Nautical Tourism Industry ............................................................................................... 66 12.1 Overview - Global ........................................................................................................ 66 12.2 Overview - Local .......................................................................................................... 66 12.3 Tourist Arrival Trends and Earnings Patterns ............................................................... 67 12.4 Key Destination Selection Drivers ................................................................................ 69 12.5 Key Drivers for Sri Lanka to be a Nautical Tourist Destination ..................................... 69 12.6 Marine Weather of Sri Lanka ....................................................................................... 70 12.7 Types of Sri Lanka’s Marine Recreation/Maritime Activities and Popular locations .... 71 12.8 Key Local Players (excluding Restaurants and Accommodation) ................................. 75 12.9 Key Counterparts in the South Asian Region ............................................................... 76 13. Development of Marinas in Sri Lanka .............................................................................. 78 13.1 Overview of Marinas ................................................................................................... 78 13.2 Currently operational coastal mooring facilities in Sri Lanka and the key players ....... 78 13.3 Existing Plans to develop marinas in the future ........................................................... 80 14. Access to Finance ...........................................................................................................
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