The shipping industry has affected the shipbuilding industry

Abstract The shipping industry has suffered huge losses, and the shipbuilding industry has suffered from the shackles of the fish. According to the latest data released by the Ministry of Industry and Information Technology, in 2012, the shipbuilding industry in the Mainland, the number of new orders received, and the volume of hand-held orders increased sharply year-on-year. According to mainland media reports, the mainland is currently...
The shipping industry has suffered huge losses, and the shipbuilding industry has also suffered from the shackles of the fish. According to the latest data released by the Ministry of Industry and Information Technology, in 2012, the shipbuilding industry in the Mainland, the number of new orders received, and the volume of hand-held orders increased sharply year-on-year. According to mainland media reports, one-third of shipbuilding companies in the Mainland have not received orders, and 50% will go bankrupt in the next two to three years.

The Ministry of Industry and Information Technology announced the data disclosure at the end of January. In 2012, the national shipbuilding completion volume was 60.21 million DWT, down 21.4% year-on-year, of which the sea-going ship was revised to 19.1 million tons. The newly-accepted ship order volume was 20.41 million DWT, down 43.6% year-on-year. As of the end of December, the national hand-held ship orders were 106.95 million deadweight tons, down 28.7% from the end of 2011, of which export ships accounted for 82.7% of the total.

Difficulties in returning funds

China New Shipbuilding Price Index Co., Ltd. also announced that the "China New Shipbuilding Price Index", which was released on July 1, 2011, has been in a downturn since the date of its release. The dry bulk carrier composite price index has been released from the first 1,000. Point, all the way down to 841 points on December 30, 2012, a drop of 14.4%. According to the company's statistics, nearly 70% of the output of the mainland shipyards is a dry bulk carrier, which has caused the entire shipbuilding industry to fall into serious difficulties.

Zhang Shouguo, executive vice president of the China Shipowners Association, said that the mainland shipbuilding industry "is basically holding orders before consumption in the past two years". I believe that the industry situation in 2013 is difficult to improve. By 2014, the days of shipyards will be even more difficult. Ren Yuanlin, chairman of the Yangtze River Shipping Group, which is known as the "private ship king" in the industry, also said that the real dilemma of the shipbuilding industry will start in 2013, and it will take five years to get out of the downturn.

Half of the shipyards in the Mainland or bankrupt within three years

According to the analysis, due to the downturn in the maritime market, some shipping companies have disposed of unprofitable ships in advance. Under the premise of reducing the capacity of shipping companies, shipyards are also deeply affected and fall into a trough. With the implementation of new international standards and new regulations, ship delivery is becoming more and more difficult. Some shipowners are even unwilling to pick up the ship, which makes it difficult to recover the detained money, which makes the shipyard generally face complicated situations such as “funding difficulties, difficult payment, and difficult profit”. Industry experts believe that 50% of shipyards in the Mainland will be bankrupt in the next two to three years.

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