Issuing agency: China Association of the National Shipbuilding Industry
Column: Capacity Utilization Monitoring Index
source: https://www.cansi.org.cn/cms/document/10863.html
The China Shipbuilding Capacity Utilization Monitoring Index (CCI) in the second quarter of 2018 was 611 points, which was a decrease of 38 points and 5.8% year-on-year compared with 649 points in the second quarter of 2017. Compared with 631 points in the first quarter of 2018, it was a decrease of 20 points and a month-on-month decrease of 3.2%. The index has declined from the beginning of the year and is still in the cold range. Specifically, the demand for new ships in the second quarter has declined significantly. The number of ship orders held by key shipbuilding companies decreased month-on-month, and the leading indicators dropped significantly. Synchronous indicators such as main business income and operating profit margin of key shipbuilding companies fluctuated within a narrow range. Due to the reduction in the number of ships to be delivered, shipbuilding capacity utilization declined year-on-year. It is expected that in the third quarter of 2018, the shipping market will still fluctuate at a low level, and the new shipbuilding market will hardly rebound significantly. China's shipbuilding capacity utilization monitoring index may remain the same as in the second quarter. Generally speaking, it will still be in the 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.