Issuing agency: China Association of the National Shipbuilding Industry
Column: Capacity Utilization Monitoring Index
source: https://www.cansi.org.cn/cms/document/12197.html
The China Shipbuilding Capacity Utilization Monitoring Index (CCI) in the first quarter of 2019 was 590 points, which was a decrease of 41 points and 5.8% year-on-year compared with 631 points in the first quarter of 2018. Compared with 607 points in the fourth quarter of 2018, it was a decrease of 17 points and a month-on-month decrease of 2.8%. The index has fallen back from the beginning of the year and is still in the cold range.
Specifically, the international shipping market continued to decline in the first quarter, global new ship orders fell sharply, and the number of ship orders held by key shipbuilding companies dropped significantly. The new ship price index was basically flat, and leading indicators declined. The number of completed ships delivered according to the contract period increased slightly year-on-year, and the capacity utilization of key shipbuilding companies remained at normal levels. Affected by the low base in the same period, synchronized indicators such as main business income and profit margins of key shipbuilding companies stopped falling and rebounded.
It is expected that in the second quarter of 2019, the international shipping market will rebound slightly, the number of new ship orders will continue to grow, and the capacity utilization of key shipbuilding companies will still be at a normal level. However, due to factors such as insufficient market demand for new ships and rising overall costs, it is difficult for companies to see a significant improvement in their operating conditions. China's shipbuilding capacity utilization monitoring index may rebound, and overall it will still be in a cold range.
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.