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"Assessment of the Drydock Market in Pacific Island Countries"


  • SOLICITATION NUMBER: 0002013183
  • INSTITUTION:  IFC
  • ASSIGNMENT LOCATION: Fiji; Micronesia; Federated States of; Kiribati; Marshall Islands; Nauru; Papua New Guinea; Palau; Solomon Islands; Tonga; Tuvalu; Vanuatu; Samoa
  • ISSUE DATE AND TIME: Dec 20,2024 05:08
  • CLOSING DATE AND TIME: Jan 20,2025 23:59

Given the geographic location and terrain of the Pacific Island Countries (PICs); domestic maritime transport is crucial for moving goods and passengers within each country and across the region. Despite its importance; the sector faces challenges such as inadequate infrastructure; complex governance; and limited workforce capacity. A significant issue is the lack of focus on ship repair; maintenance; and safety; with many vessels being very old and posing operational and environmental risks.To mitigate these risks and ensure compliance with maritime standards; shipping companies must send their vessels for drydocking every few years. However; the region has limited drydock facilities; primarily in Fiji and Papua New Guinea; which are often fully booked and outdated. This forces companies to use distant facilities in countries like Singapore; Australia; and China; increasing costs and causing revenue loss.The Transport Team of IFC seeks to hire a consultant to conduct a Market Assessment of the drydock market in the Pacific Island Countries. The consultant will evaluate current supply of drydock facilities; assess demand; identify potential locations for new or expanded facilities; and provide strategic recommendations to enhance drydock infrastructure to support the domestic shipping fleet of PICs.

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