Issuing agency: China Association of the National Shipbuilding Industry
Column: Capacity Utilization Monitoring Index
source: https://www.cansi.org.cn/cms/document/10864.html
The China Shipbuilding Capacity Utilization Monitoring Index (CCI) in the third quarter of 2018 was 601 points, which was a decrease of 53 points and 8.1% year-on-year compared with the 654 points in the third quarter of 2017. Compared with 611 points in the second quarter of 2018, it was a decrease of 10 points and a month-on-month decrease of 1.6%. The index has dropped from the beginning of the year and is still in the cold range. Specifically, the demand for new ships in the third quarter is still flat. Ship orders held by key shipbuilding companies continue to fall, and leading indicators have dropped significantly. Synchronous indicators such as main business income and operating profit margin of key shipbuilding companies have rebounded slightly. Affected by the decline in the number of ships to be delivered, shipbuilding capacity utilization is still at a low level. It is expected that in the fourth quarter of 2018, the shipping market will pick up slightly, the demand for new shipbuilding markets is expected to grow, China's shipbuilding capacity utilization monitoring index may rebound, and overall it will still be in the cold range.
Figure 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 (quarterly) chart will display data for the past 4 years.