The OECD Council Working Party on Shipbuilding (WP6) provides an international platform for the exchange of information as well as the elaboration of economic and policy analysis on several aspects of the shipbuilding sector. Under its mandate, the WP6 aims to establish normal competitive conditions in the shipbuilding industry, notably by encouraging transparency and consulting with both non-OECD economies and relevant industry groups.
Recent work of the WP6 covers areas such as:
The compilation and analysis of subsidies and other support measures provided to the shipbuilding sector through an inventory in which a number of non-OECD economies also participate.
Analyzing the nature and effect of factors that can distort the shipbuilding market.
Country-level peer reviews of domestic shipbuilding industry and related government policies.
Analyzing supply and demand, and the extent of excess supply and capacity in the global shipbuilding industry.
Studies on policies encouraging the production and operation of greener ships.
The shipbuilding industry was severely affected by the 2008 global financial crisis, and recent years have seen very low levels of new orders received by virtually all shipyards. The global industry now faces a number of challenges, most notably global excess supply and excess capacity, which will place the economic viability of the industry under pressure in some parts of the world.
Persistent worldwide overcapacity may encourage governments to provide support through subsidies and other measures, as well as spur other market distorting practices, which can create major structural problems even in the most efficient shipbuilding industries. But potential market distortions can be addressed through close co-operation among economies, with significant shipbuilding sectors and the active involvement of industry.
The Inventory of Government Subsidies and Other Support Measures is a regular exercise for the WP6. The main aim of this exercise is to provide transparency and continuity of data on support measures for the shipbuilding industry. As well as WP6 participants, the Inventory provides some information on the support measures in Partner economies.
For further information please contact the OECD Directorate for Science, Technology and Innovation at [email protected].