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China shipbuilding industry development status and trend
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China shipbuilding industry development status and trend

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[Abstract]:
On the evening of March 29, China Ships released its annual report. The annual report showed that in 2009
On the evening of March 29, China Ships released its annual report. The annual report showed that in 2009, the company achieved operating income of 25.238 billion yuan, a year-on-year decrease of 8.74%, net profit of 2.5 billion yuan, a year-on-year decrease of 39.88%, and realized earnings per share of 3.77 yuan, a year-on-year decrease. 39.97%.
 
Li Xuerong, a researcher in the circulation industry of CIC, pointed out that in 2009, due to the slump in shipping fees, the company suffered a serious loss, so that the company no longer booked the ship, and the international shipbuilding market experienced a huge decline. The global turnover was around 37 million dwt, compared with 2008. The same period of the year fell by about 80%. However, when the world's shipbuilding industry was in a downturn, China surpassed South Korea for the first time in 2009, and received orders of more than one third of the world. In 2009, China's shipbuilding completions increased by 47% year-on-year. Compared with the global shipbuilding industry, China's shipbuilding industry has resisted. The ability of the crisis appears to be stronger.
 
On the one hand, although the total shipbuilding volume of China's large shipbuilding companies increased in 2009, the ship price fell sharply. The price of new ships of various ship types fell by 30% to 40%, and the decline of individual ship types exceeded 40%. This is also the main reason for the decline in sales revenue compared to 2008.
 
On the other hand, in theory, the completion of global shipbuilding in 2009 reached 160 million DWT, but in the end it was only 120 million DWT. In other words, 25% of orders are not delivered on time. The shipowner did not pick up the ship, delayed delivery, and the order cancellation was a common phenomenon in 2009. The order of more than 30 million DWT was cancelled in the whole year.
 
At present, China's shipbuilding industry has become the world's number one in terms of orders, and the global shipping market in South Korea, China, and Japan will continue to be "three pillars." However, in terms of overall competition level and strength, China's shipbuilding industry needs to be strengthened. In the future, Shanghai will continue to be China's most important shipbuilding center. In the future, it should further enhance product quality and technology level, pay attention to differentiated development, and focus on the development of marine engineering equipment, high-tech high value-added ships and key supporting equipment to promote industrial upgrading. At the same time, it can also reduce the competition with the shipbuilding enterprises in Jiangsu and South China.
 
According to the latest “2010-2015 China Shipbuilding Industry Investment Analysis and Forecast Report” released by China Investment Consultant, in January-February 2010, China’s shipbuilding industry ranked first in the world in terms of shipbuilding, with a shipbuilding completion of 9.18 million DWT. It accounted for 46.1% of the world and increased by 168% compared with the same period of last year. The new orders were 5.72 million DWT, accounting for 51.9% of the world, which was nearly 8.7 times of the same period of last year. The hand-held orders were 18,695 DWT, accounting for 37.1% of the world. In this year's new orders, export vessels accounted for 54%, and domestic demand vessels accounted for 46%.
 
Li Xuerong also pointed out that due to the lag of the performance of the shipbuilding industry, the current overcapacity problem in the shipping market is serious, and the shipbuilding industry is unlikely to recover in the short term. From 2011, China's shipbuilding industry will face severe overcapacity. Overcapacity has become the "major problem" facing China's shipbuilding industry. In the next three years, China's shipbuilding industry will face overcapacity.
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