Issuing agency: China Association of the National Shipbuilding Industry
Column: Capacity Utilization Monitoring Index
source: https://www.cansi.org.cn/cms/document/15699.html
The China Shipbuilding Capacity Utilization Monitoring Index (CCI) in the third quarter of 2020 was 616 points, which was a decrease of 13 points and 2.1% year-on-year compared with 629 points in the third quarter of 2019. Compared with 568 points in the second quarter of 2020, it rose by 48 points and increased by 8.5% month-on-month.
Specifically, since the third quarter, the global COVID-19 epidemic has eased, and the industrial and supply chains have tended to stabilize. The completion volume of key monitoring companies has increased month-on-month, and the year-on-year decline has continued to narrow, driving the concurrent indicators to rebound month-on-month; shipowners have a strong willingness to wait and see when booking ships, and the number of new ship orders has declined compared with the second quarter. Ship orders on hand have continued to decline, but the Clarkson Comprehensive Freight Index has increased significantly month-on-month, driving the recovery of leading indicators. The capacity utilization monitoring index continued to rise month-on-month.
It is expected that in the fourth quarter of 2020, the shipping market will continue to pick up, the new shipbuilding market is expected to remain active, and China's shipbuilding capacity utilization monitoring index will continue to rise.
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.