Issuing agency: China Association of the National Shipbuilding Industry
Column: Capacity Utilization Monitoring Index
source: https://www.cansi.org.cn/cms/document/10867.html
The China Shipbuilding Capacity Utilization Monitoring Index (CCI) in the second quarter of 2017 was 649 points, which was an increase of 39 points and a year-on-year increase of 6.4% compared with 610 points in the second quarter of 2016. Compared with 670 points in the first quarter of 2017, it was a decrease of 21 points and a month-on-month decrease of 3.1%. The index has declined from the beginning of the year and is still in a cold range. Specifically, the shipping market fluctuated downward in the second quarter. Backlog orders of key shipbuilding companies continue to decline, and leading indicators have dropped significantly. Synchronous indicators such as main business income and operating profit margins of key shipbuilding companies have increased slightly on a quarter-on-quarter basis, and capacity utilization has declined slightly compared with the first quarter. It is expected that in the third quarter of 2017, the shipping market will still fluctuate slightly at a low level. It is difficult for the new shipbuilding market to rebound significantly, and orders on hand will continue to decline. China's shipbuilding capacity utilization monitoring index will decline compared with the second quarter, and overall will still be 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.