Issuing agency: China Association of the National Shipbuilding Industry
Column: Capacity Utilization Monitoring Index
source: https://www.cansi.org.cn/cms/document/16197.html
The China Shipbuilding Capacity Utilization Monitoring Index (CCI) in the first quarter of 2021 was 652 points, an increase of 139 points from the first quarter of 2020, a year-on-year increase of 27.1%; a decrease of 26 points from the fourth quarter of 2020, and a month-on-month decrease of 3.8%.
From January to March 2021, global new ship orders showed explosive growth. The ship orders held by key shipbuilding companies have rebounded for three consecutive months, and leading indicators have increased year-on-year. Key shipbuilding companies have responded to the Spring Festival call to celebrate the New Year on the spot, and shipbuilding capacity utilization has remained at normal levels in the first quarter. However, affected by the rapid rise in prices of raw materials such as steel, shipbuilding companies' main business income, profit margins and other data have dropped sharply month-on-month, dragging down concurrent indicators.
According to expert predictions, the international shipping market will remain relatively active in the second quarter of this year, the number of new ship orders is expected to continue to grow, and the capacity utilization of key shipbuilding companies is at a normal level. However, due to the impact of rising comprehensive shipbuilding costs, it is difficult for companies to improve their operating conditions. Comprehensive analysis shows that the CCI will be at a low level in the second quarter of 2021.
Figure China Shipbuilding Capacity Utilization Monitoring Index (Quarterly)
1. China Shipbuilding Industry Economics and Market Research Center provides partial technical support;
2. The China Shipbuilding Capacity Utilization Monitoring Index (quarterly) chart will display the data of the past 4 years.