Issuing agency: China Association of the National Shipbuilding Industry
Column: Capacity Utilization Monitoring Index
source: https://www.cansi.org.cn/cms/document/14458.html
The 2019 China Shipbuilding Capacity Utilization Monitoring Index (CCI) was 657 points.
China's Shipbuilding Capacity Utilization Monitoring Index increased by 50 points compared with 607 points in the same period in 2018, a year-on-year increase of 8.2%. Specifically, the new ship delivery situation improved in 2019, and the number of completed ships increased slightly compared with the previous year; the international shipping market volatility increased, and the Clarkson Comprehensive Freight Index rose overall. Global demand for new ships remains sluggish, new ship prices are weak, the number of new ship orders dropped year-on-year, and ship orders on hand continued to decline at the end of the year.
In the fourth quarter of 2019, China's shipbuilding capacity utilization monitoring index was 657 points, an increase of 28 points from the previous quarter compared with 629 points in the third quarter. Specifically, in the fourth quarter, new ship orders received by my country's key enterprises increased rapidly, driving a continuous rebound in hand-held ship orders from the previous quarter. At the same time, indicators such as corporate operating income and operating profit margins increased sequentially, and the monitoring index continued to rise for three consecutive quarters.
Looking forward to 2020, the world economy is still at the bottom. As trade tensions ease, global economic growth is expected to slowly recover. The first-phase economic and trade agreement reached by China and the United States will expand imports of agricultural products, energy products, industrial products and other varieties from the United States, which will be beneficial to the ordering demand for main ship types. Superimposed on the International Maritime Organization (IMO) sulfur limit order taking effect and the orderly implementation of new regulations, shipowners' wait-and-see mood will gradually ease, and it is expected to bring orders to shipbuilding companies. Taken together, The 2020 China Shipbuilding Capacity Utilization Monitoring Index will remain stable.
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.