Issuing agency: China Association of the National Shipbuilding Industry
Column: Capacity Utilization Monitoring Index
source: https://www.cansi.org.cn/cms/document/14759.html
The China Shipbuilding Capacity Utilization Monitoring Index (CCI) in the second quarter of 2020 was 568 points, a decrease of 35 points compared with 603 points in the second quarter of 2019, and a year-on-year decrease of 5.8%; compared with 513 points in the first quarter of 2020, it rose by 55 points, a month-on-month increase of 10.7%.
Specifically, since the second quarter, my country has taken the lead in the world to control the epidemic and entered the stage of normalized epidemic prevention and control. Shipbuilding companies have actively promoted the resumption of work and production, and the production order has basically returned to normal. The shipbuilding completion volume of key monitoring companies has increased significantly month-on-month, and the year-on-year decline has narrowed; the number of new ship orders has rebounded from the first quarter, but is still at a low level; the main business income of key monitoring companies has narrowed, and operating profit margins have turned from negative to positive, driving the concurrent indicators to rebound month-on-month. However, the impact of the epidemic coupled with the expectation of economic downturn has severely impacted the shipping market. The Clarkson Comprehensive Freight Index fell sharply both month-on-month and year-on-year, dragging down leading indicators.
It is expected that in the third quarter of 2020, the shipping market will continue to be at a low level, the new shipbuilding market will be difficult to rebound significantly, and China's shipbuilding capacity utilization monitoring index may fluctuate slightly.
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.