The worst time is over the shipping industry? Ocean upcoming season

"Quotes poor again, few people can still make money. Global 80 percent rely on seaborne trade is completed, over ninety percent of China's import and export by sea." China's largest private shipping enterprises Yangzijiang Shipbuilding Group Chairman Ren Yuanlin optimistic forecasts, the shipping industry The worst time is over, I believe that dawn in front. 

Ren Yuanlin said: "The global shipbuilding industry has a law, basic to five years for a periodic." After the financial crisis in 2008, the shipbuilding industry has experienced a long winter, excess capacity, the shipping industry overcapacity, new ship orders decreased, new ship prices, many low-end shipyard bankruptcy. 

The global economic recovery and support policies that affect the shipbuilding industry has been in recovery. The latest data show that Jiangsu shipbuilding capacity, new orders, orders on hand volume ranking first in the country. Among them, the amount of orders on hand increased by nearly 80%. 

Statistics show that the first five months of this year, 87 key monitoring industrial output value of 154.5 billion yuan enterprises, an increase of 10.5%, the main business revenue grew 9.4%, but total profits were down 20%, down 33.6%. Big but not strong shipbuilding industry is facing the problem of China's long-term unresolved. 

Ren Yuanlin said, shipbuilding and steel, as can be seen from the production, China is now the world's first, but the big but not strong, excessive fragmentation problem plaguing the entire industry. By 2010, the number of Chinese shipping enterprises above designated size nearly a thousand, is 40 times South Korea's low industrial concentration. After more than five years of difficult adjustment, the industry has undergone significant changes in the situation, dramatic technological change and make the industry mergers and acquisitions increased differentiation. In the shuffling process, the market "Pareto's Law" began to appear, 80% of orders concentrated in 20% of the shipyards, the degree of concentration has improved significantly. Beginning last year in June, the new ship contract price has recovered to be able to guarantee this basic level, since last October, with the market to further pick up, the recovery rally in the formation of a number of shipyards, shipping companies received new orders will receive an average of 10 % gross profit. 

In 2007 and 2008 market peak period (the time when the Baltic Dry Index up more than 10,000 points), and many are rushing this foreign owned shipbuilding came in the river, "dig a hole on the ship," and even clothes, real estate are along for the ride. When the ship cost $ 30 million boat, priced at $ 50 million, the owner sold the boat can be $ 80 million deal, so there shipowners and shipping industry entered the shipbuilding industry, but also to enter the shipping industry shipbuilding. 

After the financial crisis, the industry does not choose the path shortage price shopping rush orders, small shipyards and shipowners to abandon the ship can not pay bi-hit market confidence, the market finally collapse towards the large volume and price down. In 2007, the Baltic Dry Index peak value of more than 12,000 points, while the 2012 fourth quarter had fallen more than 600 points. Many shipping companies when the family pessimistically believe that lifetime never see a million points impregnable. 

Exhausted state in the entire industry, the Yangtze River and timely adjust industrial layout, several funds may consume thin plate quickly, in order to maintain adequate cash flow, and actively expand the shipping logistics and leasing, Ren Yuanlin called the reservoir. He said: "When the lack of orders, ship the lowest when I first used in shipbuilding for the shipping company." This round of industry through the winter, the Yangtze River is to accelerate the pace of mergers and acquisitions, utilizing cured resources.

Ren Yuanlin said that over the next three years, the Yangtze orders are full load. As technology advances and refinement of management level, ten thousand TEU container ships now been upgraded to 19,000 TEUs. This long period of time to adjust to the shipping enterprises on a vivid lesson, as the world shipping industry to accelerate the transfer to China from Japan and South Korea, the traditional labor-intensive, bitter tired of dirty industry, but also to the reborn time. 

The timing of the industry is also relatively difficult period of structural adjustment, he considered the factors of production should be encouraged to optimize the restructuring according to market principles, promoting shipbuilding industry deepen reform right time, this aspect can learn from Japan and South Korea practices encourage large shipping enterprises participation "Shipbuilding industry global value chain "building, on the one hand the use of shipbuilding trough mergers and acquisitions at relatively low prices of high-tech ship design and development company, rapidly narrowing the gap with the top international shipping prices; hand by establishing global sales and service network, and enhance the ability to expand the international market, and to invest, build brand promotion and establishment of overseas bases and other development and accelerate China's shipbuilding power from shipbuilding power to leap.