Creating of free-trade zones near new shipyards for cost cutting in ships construction (order of foreign material and equipment) Infrastructure development funded with tax liabilities in regional budgets + multiplicative effect funded with small and medium business development, which provides the growth needs of shipbuilding production. Capability of training programs at the best South-Korean shipyards.
PESTLE Analysis By Peeling-Lam Cooperation wih Korean and Chinese shipbuilding companies in shipbuilding and offshore construction Sovereign credit extension Growing need to tankers and Longs fleet renovation Opportunity.
Economical factors Credit availability Logistic Labor intensity level Economic stability Exchange and inflation rate Price fluctuation Credit terms Credit extension from the biggest Russian banks, such as Alfa Bank, Subprograms, Phenomenon bank. Availability of railway and sea transport routes Construction of new shipyards allows to reduce the labor intensity and increase the productivity level Existing of corruption in industry sector Potential risk of high inflation rate and non-stability exchange rate High volatility of commodity and financial markets Dependence of shipbuilding contracts from steel price fluctuation
High debt costs and loan payments Threat Social factors Social programs Upgrade of the Far Eastern Shipbuilding College in Abolish Kane Specialized department of FIJI branch in Abolish Kane Camp for 1 ,OHO workers Construction of residential quarter for shipbuilders (2,500 apartments) Reconstruction of food service areas - upgrade of cafeterias for 6,000 people Upgrade of first-aid stations Comprehensive program on safety strengthening Improvement of working conditions and implementation of social programs Insufficient quantity of well-qualified shipbuilding specialist in design and production area at the current moment.