Issuing agency: China Association of the National Shipbuilding Industry
Column: Capacity Utilization Monitoring Index
source: https://www.cansi.org.cn/cms/document/12624.html
The China Shipbuilding Capacity Utilization Monitoring Index (CCI) in the second quarter of 2019 was 603 points, which was a decrease of 8 points and 1.3% year-on-year compared with 611 points in the second quarter of 2018. Compared with 590 points in the first quarter of 2019, it rose by 13 points and increased by 2.2% month-on-month. The index has rebounded from the beginning of the year.
Specifically, the demand for new ships has picked up in the second quarter compared with the first quarter, but is still at a low level. The number of ship orders held by key shipbuilding companies has declined month-on-month, and leading indicators have declined. Affected by favorable factors such as the depreciation of the RMB exchange rate and the slowdown in rising raw material costs, synchronized indicators such as main business income and operating profit margins of key companies have rebounded month-on-month. Under the influence of the short-term rapid rise in the shipping market, shipbuilding completions have maintained a slight growth.
It is expected that in the third quarter of 2019, the international shipping market will remain active, the demand for new ships may increase, the capacity utilization of key shipbuilding companies will remain at a reasonable level, and China's shipbuilding capacity utilization monitoring index is expected to rebound.
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.