The cruise ship dry docking and refit market is estimated to be a $3 billion annual business.
This is highlighted in a one-page infographic that is free to download, courtesy of the 2018 Cruise Industry News Drydocking and Refurbishment Report.
Optimistic dry docking market
With a large cruise ship orderbook, that market is only expected to grow as more ships take to the water, and those ships get bigger, meaning larger-scale drydocking projects.
Cruise Industry News estimates there are 1,500 drydocking days on an annual basis, with an average spend of $2 million per day a vessel is in a drydock, amounting to a $3 billion annual spend.
Tech supports drydocking
New technology helps companies stay green while maximizing their efficiency. This is because, drydockings are getting more complex, and cruise lines keen on keeping their tonnage to generate maximum revenue with the latest onboard features.
These big spends improves operating costs, which the cruise lines hope to recover from a higher ticket revenue and also from an increased onboard spending.
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Source: Cruisei Industry News