Page 6 - 2024 Drydocking and Refurbishment Report

Drydock & Refurb

$3+ Billion 2024 for

Drydocks

What is a drydock? Cruise ships, due to regulatory compli-
ance, must come out of the water at set intervals for required
2024 may be a record work, classification and flag state inspections and more. The ships

year for cruise ship go from generating millions of dollars in service to costing a
cruise line upwards of $2 million per day when out of the water.
With the ship stripped of passengers, it’s also a key time
drydockings. After to get a multitude of updates, upgrades and repairs done. The
maximizing revenue- worker count can easily cross into the 1,000s between shipyard

generating days in employees and various specialized subcontractors.
Drydockings are generally about two weeks in length, although
operation in 2023, it’s they can be as short as five days and as long as months for bigger
projects. Most take place in the shoulder seasons, spring and fall,
time for ships to spend when ticket prices aren’t as high.
And due to the complexity of a hotel on a cruise ship, and the
time out of the water for sheer size of the latest and newest megaships, there are only a
routine maintenance, handful of realistic shipyard options to drydock a modern cruise

inspections as well as key ship at. As a result, companies have bought into facilities or
secured dates up to 2030 in some cases.
hotel upgrades. 430 Ships and Growing

The cruise fleet is aging and new ships that continue to be built
are driving not only more secondhand ship sales, but upgrades

10 Cruise Industry News: 2024 Drydocking and Refurbishment Report