Issuing agency: China Association of the National Shipbuilding Industry
Column: Capacity Utilization Monitoring Index
source: https://www.cansi.org.cn/cms/document/10409.html
In the first quarter of 2018, the China Shipbuilding Capacity Utilization Monitoring Index (CCI) was 631 points, a decrease of 39 points compared with 670 points in the first quarter of 2017, and a year-on-year decrease of 5.8%; compared with 678 points in the fourth quarter of 2017, a decrease of 47 points, a decrease of 6.9% from the previous quarter, was still in the cold range.
Specifically, affected by the recovery of the new ship market since the fourth quarter of 2017, the backlog of backbone shipbuilding companies has continued to rebound, the new ship price index has increased slightly, and leading indicators have increased. Affected by the high base in the same period last year, shipbuilding completions have declined year-on-year, but the capacity utilization of key shipbuilding companies has remained at normal levels. Affected by factors such as RMB appreciation and rising raw material prices, synchronized indicators such as main business income and profit margins of key companies have continued to decline.
It is expected that in the second quarter of 2018, the international shipping market will remain stable, the number of new ship orders will continue to grow, and the capacity utilization of key shipbuilding companies will still be at a normal level. However, affected by the in-depth adjustment of the shipbuilding market, it is difficult for companies to see a significant improvement in their operating conditions. China's shipbuilding capacity utilization monitoring index may rebound, and overall it 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.