Issuing agency: China Association of the National Shipbuilding Industry
Column: Capacity Utilization Monitoring Index
source: https://www.cansi.org.cn/cms/document/15700.html
The China Shipbuilding Capacity Utilization Monitoring Index (CCI) in 2020 was 678 points, an increase of 21 points compared with 2019 and a year-on-year increase of 3.2%.
In the first quarter of 2020, affected by the COVID-19 epidemic, the production and operations of key ship monitoring companies were severely impacted, and the CCI once fell to 513 points. As the domestic epidemic was first effectively controlled, the production order of shipbuilding companies gradually recovered. By the end of April, the shipbuilding industry's production rate had reached 98%, and the CCI gradually rebounded to 568 points in the second quarter.
In the second half of the year, the global epidemic continued to spread, the international shipping market was in short supply, the Clarkson Comprehensive Freight Index rebounded from a low level, and shipowners' willingness to take over ships improved. The focus was on monitoring the month-on-month increase in shipbuilding completions of enterprises, and the utilization of production capacity gradually improved. The CCI rose to 678 points at the end of the year, but was still in the cold range.
Looking forward to 2021, many countries around the world have begun vaccinations, the COVID-19 epidemic may be gradually controlled, and world economy and trade are expected to slowly return to normal. If the international shipping and oil and gas industries recover, shipowners' investment confidence is boosted, suppressed market demand may be released, and new orders in the global shipping market may see a compensatory rebound. Comprehensive analysis shows that the CCI will remain stable or grow slightly in 2021.
Figure 1 China Shipbuilding Capacity Utilization Monitoring Index (Annual)
Figure 2 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 (Annual) chart will display continuous data;
3. The China Shipbuilding Capacity Utilization Monitoring Index (quarterly) chart will display data from the past 4 years.