Issuing agency: China Association of the National Shipbuilding Industry
Column: Capacity Utilization Monitoring Index
source: https://www.cansi.org.cn/cms/document/12961.html
In the third quarter of 2019, the China Shipbuilding Capacity Utilization Monitoring Index (CCI) was 629 points, up 28 points year-on-year, or 4.7%; compared with the second quarter of this year, it rose 26 points, up 4.3% month-on-month, and has risen for two consecutive quarters.
Specifically, in the third quarter, the international shipping market continued to pick up, driving the demand for new ships to grow, and the new ship price index remained stable. However, as the shipbuilding completion volume was greater than the new orders received, the ship orders held by key shipbuilding companies declined month-on-month, leading indicators declined slightly, and concurrent indicators such as main business income and operating profit margin of key shipbuilding companies rebounded month-on-month.
It is expected that in the fourth quarter of this year, the international shipping market will continue to recover, and the demand for new ships will increase. However, since the number of new ship orders is less than the number of shipbuilding completions, the number of orders on hand will continue to decline, and China's shipbuilding capacity utilization monitoring index may remain at the level of the third quarter.
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.