According to CANSI’s newest report on April 25, Chinese shipbuilding industry is confronted with severe challenges in the overall depressed global market: the three newbuilding indices (new orders, newbuilding output, order catalog) all witness declines on year-on-year basis, ship industry output value growth slows down, ship export volume decreases and ship economic growth shows downturn trend.
In the first three months, national newbuilding output, new orders and orderbook came up to 11.21m dwt, 5.59m dwt and 141.94m dwt, falling by 22.5%, 48.7% and 25.3% respectively year on year.
By the end of March, the national ship industry output value has been fallen for the fifth straight month to $28.7bn, 22.5% up in amount and 16.8% down in growth. Shipbuilding, ship supporting, ship repairing, ship conversion and offshore plants construction account for about $21.1bn, $3.5bn, $1.6bn, $1.3bn and $1.0bn separately.
In Q1, national total export ships stood at 9.47m dwt, declining by 22.3% against the same period of last year. Domestic shipyards received export new orders of 4.4m dwt, 50% down year on year. By the end of March, national export ship order catalog numbered 118.8m dwt and fell by 28.1% compared with last year. Export orders occupy 84.5%, 78.7% and 83.7% of newbuilding output, new orders and orderbook respectively.
According to CANSI, Chinese over-scale shipyards realized main business income of $13.9bn in the first two months, 12.7% up year on year. Shipbuilding, ship supporting and ship repairing achieved $9.9bn, $1.9bn and $1.0bn separately.
The combined profits of those yards came up to $706.3m and fell by 7.3%, of which shipbuilding, ship supporting and ship repairing accounting for 74.4%, 12.1% and 4.3% respectively.