Issuing agency: China Association of the National Shipbuilding Industry
Column: Capacity Utilization Monitoring Index
source: https://www.cansi.org.cn/cms/document/10868.html
In the first quarter of 2017, the China Shipbuilding Capacity Utilization Monitoring Index (CCI) was 670 points, an increase of 50 points and 8.1% year-on-year compared with 620 points in the first quarter of 2016. Compared with 609 points in the fourth quarter of 2016, it was an increase of 61 points and a month-on-month increase of 10%. The index has begun to stabilize and is still in the cold range. Specifically, affected by the continued recovery of the shipping market, The leading indicators have increased significantly, the capacity utilization of key shipbuilding enterprises has continued to rebound, and the shipbuilding completion volume has increased significantly year-on-year, driving the index to rise significantly. However, the new shipbuilding market has not yet fully recovered, and concurrent indicators such as main business income and orders on hand have still declined slightly from the previous quarter. It is expected that in the second quarter of 2017, the contradiction between excess fleet capacity and excess shipbuilding production capacity will be difficult to significantly improve, the market will continue to recover, and the pressure will be greater, and the operating conditions of enterprises will not be significantly improved. The number of orders on hand will continue to decline, and China's shipbuilding capacity utilization monitoring index will be about the same as in the first quarter, and will generally remain in a 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.