Issuing agency: China Association of the National Shipbuilding Industry
Column: Capacity Utilization Monitoring Index
source: https://www.cansi.org.cn/cms/document/16523.html
The China Shipbuilding Capacity Utilization Monitoring Index (CCI) in the second quarter of 2021 was 706 points, an increase of 138 points from the second quarter of 2020, a year-on-year increase of 24.3%; an increase of 54 points from the first quarter of 2021, a month-on-month increase of 8.3%.
In the first half of 2021, the international shipping market, represented by container ships, continued to recover. The global demand for new ship orders increased significantly. New ship prices rose steadily. The ship orders held by key shipbuilding companies rebounded for six consecutive months, driving the rapid growth of leading indicators. In the second quarter, the completion volume and main business income of key shipbuilding companies maintained growth, and production capacity utilization was at normal levels. However, affected by the rapid rise in prices of raw materials such as steel and two-way exchange rate fluctuations, The year-on-year decline in efficiency of shipbuilding enterprises dragged down the synchronization indicators to decline slightly.
According to expert predictions, the international shipping market will remain active in the third quarter of this year, bulk carriers are expected to replace container ships as a new growth point, and the capacity utilization of key shipbuilding enterprises will continue to be at normal levels. Comprehensive analysis shows that the CCI in the third quarter of 2021 will remain within the normal range.
Figure China Shipbuilding Capacity Utilization Monitoring Index (Quarterly)
Leading indicators: focus on monitoring the number of ship orders held by shipbuilding companies, new ship price index and comprehensive freight index;
Synchronous indicators: focus on monitoring the capacity utilization rate, main business income and operating utilization rate of shipbuilding enterprises;
Lagging indicator: global fleet fleet growth rate.