Issuing agency: China Association of the National Shipbuilding Industry
Column: Capacity Utilization Monitoring Index
source: https://www.cansi.org.cn/cms/document/10869.html
The China Shipbuilding Capacity Utilization Monitoring Index (CCI) in 2017 was 678 points, still in the cold range. The China Shipbuilding Capacity Utilization Monitoring Index increased by 69 points compared with 609 points in the same period in 2016, a year-on-year increase of 11.3%, the highest value in five years. Specifically, in 2017, affected by the overall recovery of the international shipping market, the comprehensive freight index and new ship price index drove the leading indicators to rebound. The completion volume of key shipbuilding enterprises and the number of orders for new ships have increased significantly year-on-year. my country's shipbuilding capacity utilization has been significantly improved, but the number of ship orders in hand continues to decline year-on-year. In the fourth quarter of 2017, China's shipbuilding capacity utilization monitoring index was 678 points, compared with 654 points in the third quarter, an increase of 24 points from the previous quarter. The monitoring index has increased for two consecutive quarters. Specifically, the shipping market was relatively active in the second half of 2017, and my country's shipbuilding companies accepted new orders. Indicators such as ship orders on hand, operating income and operating profit margin have increased month-on-month, driving the index to continue to rise. Looking forward to 2018, on the one hand, in a stable and improving world economy, the contradiction between supply and demand in the shipping industry is expected to be further alleviated, and the volume of new ships may stabilize, which is conducive to the improvement of shipbuilding capacity utilization. On the other hand, due to insufficient ship construction by shipbuilding companies and rising overall costs, the profitability of shipbuilding companies is still not optimistic. Comprehensive consideration, 2018 China's shipbuilding capacity utilization monitoring index will maintain a stable trend and may rise.
Figure 1 China Shipbuilding Capacity Utilization Monitoring Index (Annual)
Figure 2 China Shipbuilding Capacity Utilization Monitoring Index (Quarterly)
Notes: 1. China Shipbuilding Industry Economics and Market Research Center provides partial technical support; 2. China Shipbuilding Capacity Utilization Monitoring Index (annual) chart will display continuous data; 3. China Shipbuilding Capacity Utilization Monitoring Index (quarterly) chart will display data for the past 4 years.