Chinese shipbuilding companies' earnings in the first three quarters increased by 1.5 times year
- Author:Josie
- Source:Search network
- Release Date:2019-10-18
In the first three quarters of this year, the nation's shipbuilding completions increased year-on-year, and new ship orders were significantly narrowed.
On October 17, the Ministry of Industry and Information Technology said that from January to September, the national shipbuilding completion volume was 29.36 million DWT, an increase of 6.7% year-on-year; the newly-accepted ship order volume was 19.47 million DWT, down 27.4% year-on-year.
As of the end of September, the national hand-held ship orders amounted to 79.41 million DWT, down 8.2% year-on-year.
According to analysis by Clarkson Research, as the global trade uncertainty increases, the external environment of the global shipbuilding industry remains severe, and shipowners' investment confidence is insufficient, which inhibits the release of new ship orders.
However, in the first nine months of this year, the number of new orders received by Chinese shipbuilding companies still surpassed that of South Korea and Japan, ranking first in the world.
According to data from the Ministry of Industry and Information Technology, from January to September, China's shipbuilding completions, new orders, and hand-held orders accounted for 37.8%, 46.6%, and 43.1% of the world market share, respectively, and continued to lead the international market.
According to data from the China Shipbuilding Industry Association (hereinafter referred to as the Ship Association), in the first three quarters of this year, China's shipbuilding capacity utilization monitoring index (CCI) was 590, 603 and 629, respectively, and the index gradually increased.
The index has a normal value boundary of 700 and 500-700 is a colder market. The shipbuilding capacity utilization monitoring index has gradually increased, which means that the actual utilization of China's shipbuilding capacity is picking up.
From January to September this year, 80 key monitoring enterprises of the Shipbuilding Association completed a total industrial output value of 286.9 billion yuan, and the export value of ships was 104.8 billion, up 5.1% and 4.8% respectively.
The key monitoring enterprises realized the main business income of 195 billion yuan, a year-on-year increase of 3.2%, and realized a total profit of 2.5 billion yuan, a year-on-year increase of 150%.
According to the Ship Association, the international shipping market has rebounded, driving the new ship price index to remain stable. However, as the completion of shipbuilding is greater than the new orders, the number of orders for key shipbuilding companies has declined.
According to the analysis of the China Construction Investment Research Institute, the global ship market is currently in a small recovery phase of the mid-cycle, and there is still a long way to go from the long-term prosperity. As the price of new ships rises slightly, the new shipbuilding market may reach a market equilibrium with a lower order volume.
According to the "China Shipping Boom Report for the Third Quarter of 2019", in the third quarter of this year, the prosperity index of China's ship transport enterprises was 115.13 points, a slight increase from the previous quarter, and the overall operating conditions of ship transport enterprises were stable.
The Ship Association expects that the international shipping market will continue to pick up in the fourth quarter of this year, and the demand for new ships will increase. However, as the orders for new ships are less than the completion of shipbuilding, the volume of hand-held orders will continue to decline.
On October 17, the Ministry of Industry and Information Technology said that from January to September, the national shipbuilding completion volume was 29.36 million DWT, an increase of 6.7% year-on-year; the newly-accepted ship order volume was 19.47 million DWT, down 27.4% year-on-year.
As of the end of September, the national hand-held ship orders amounted to 79.41 million DWT, down 8.2% year-on-year.
According to analysis by Clarkson Research, as the global trade uncertainty increases, the external environment of the global shipbuilding industry remains severe, and shipowners' investment confidence is insufficient, which inhibits the release of new ship orders.
However, in the first nine months of this year, the number of new orders received by Chinese shipbuilding companies still surpassed that of South Korea and Japan, ranking first in the world.
According to data from the Ministry of Industry and Information Technology, from January to September, China's shipbuilding completions, new orders, and hand-held orders accounted for 37.8%, 46.6%, and 43.1% of the world market share, respectively, and continued to lead the international market.
According to data from the China Shipbuilding Industry Association (hereinafter referred to as the Ship Association), in the first three quarters of this year, China's shipbuilding capacity utilization monitoring index (CCI) was 590, 603 and 629, respectively, and the index gradually increased.
The index has a normal value boundary of 700 and 500-700 is a colder market. The shipbuilding capacity utilization monitoring index has gradually increased, which means that the actual utilization of China's shipbuilding capacity is picking up.
From January to September this year, 80 key monitoring enterprises of the Shipbuilding Association completed a total industrial output value of 286.9 billion yuan, and the export value of ships was 104.8 billion, up 5.1% and 4.8% respectively.
The key monitoring enterprises realized the main business income of 195 billion yuan, a year-on-year increase of 3.2%, and realized a total profit of 2.5 billion yuan, a year-on-year increase of 150%.
According to the Ship Association, the international shipping market has rebounded, driving the new ship price index to remain stable. However, as the completion of shipbuilding is greater than the new orders, the number of orders for key shipbuilding companies has declined.
According to the analysis of the China Construction Investment Research Institute, the global ship market is currently in a small recovery phase of the mid-cycle, and there is still a long way to go from the long-term prosperity. As the price of new ships rises slightly, the new shipbuilding market may reach a market equilibrium with a lower order volume.
According to the "China Shipping Boom Report for the Third Quarter of 2019", in the third quarter of this year, the prosperity index of China's ship transport enterprises was 115.13 points, a slight increase from the previous quarter, and the overall operating conditions of ship transport enterprises were stable.
The Ship Association expects that the international shipping market will continue to pick up in the fourth quarter of this year, and the demand for new ships will increase. However, as the orders for new ships are less than the completion of shipbuilding, the volume of hand-held orders will continue to decline.