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Research Report on China Shipbuilding Industry by Bharat Book

Press Release   •   Dec 14, 2015 15:08 IST

https://www.bharatbook.com/shipping-market-research-reports-354707/china-shipbuilding.html14th Dec2015- Mumbai, India: Bharatbook.com announces a report on “Research Report on China Shipbuilding Industry by Bharat Book”

The report also Discussed the points With regard to the difficulties facing shipping industry, the Chinese government has issued many important documents concerning elimination of old ships and fund support since 2013 so as to support its transformation and upgrading.
Ever since China’s entry into the WTO, shipbuilding industry has kept growing. And its direct contribution to many industries like water transport, fishing and ocean development has raised its status in national economy.Since the 1990s, the number of finished ship has kept increasing, making China one of the shipbuilding centers in the world. In 2014, 39.05 million dwt of ships were built, decreasing 13.9% year on year. And 59.95 dwt of new vessels was ordered, decreasing 14.2% year on year.

By the end of 2014, 148.90 million dwt of ships were being handled by Chinese shipbuilding enterprises, increasing 13.7% year on year, 33.11 million dwt of ships had been finished and exported, decreasing 7.3% year on year, 55.51 million dwt of ships were ordered for export, decreasing 14.3% year on year and 142.80 million dwt of ships for export were being handled, increasing 23.7% year on year. And ships for export accounted for 84.8% of finished ships, 92.6% of newly ordered ships and 95.9% of ships being handled.

In 2014, China’s ship export totaled USD 23.78 billion, decreasing 14.1% year on year while its ship import totaled USD 1.2 billion, decreasing 37.1% year on year.

According to the statistics, in 2014, ship export value hit its bottom since 2009 which reported USD 28.36 billion. Ever since export value reached its historical high of USD 43.69 billion in 2011, it has kept dropping with a decline of over 10% in 2012 and 25.3% in 2013 as a result of international financial crisis.

In 2014, although the new order showed a high-to-low trend in global ship market and the ocean engineering equipment market kept shrinking, local shipping companies and ocean engineering key enterprises with their own advantages managed to receive an order of 59.95 dwt of ships which remained first in the world with a market share of 50.5%, a 2.6% increase from 2013. In 2014, shipbuilding enterprises received a USD 14.76 billion order of 31 ocean engineering equipments and 149 ships which ranked first in the world with a market share of 35.2% and increased 5.7% compared with 2013.

Since the beginning of 2014, the Chinese government has issued a minor stimulus package which has loosened the tight supply of money. The fast decrease of short-term interest rate, in particular, has created good financing opportunities for shipping industry. China State Shipbuilding Corporation has successfully issued CNY 5 billion SCP with an annual rate of 4.65%, which has reduced financing cost. The Export-Import Bank of China also provided China Shipbuilding Industry Corporation with CNY 9 billion working capital loan at a favorable rate, which has relieved its financing pressure and boosted its development. Meanwhile, ship financial leasing has undergone rapid development and become a major financing channel only second to bank loan. According to the statistics, in 2014, Minsheng Financial Leasing Co., Ltd, Bank of Communications Financial Leasing Co., Ltd and China State Shipbuilding (Hong Kong) Shipping Leasing Co., Ltd together made over 4 million dwt of ships, contributing a lot to Chinese shipbuilding industry with their innovative model.

With regard to the difficulties facing shipping industry, the Chinese government has issued many important documents concerning elimination of old ships and fund support since 2013 so as to support its transformation and upgrading.

In the short term, the monopoly of companies in developed countries on high-end equipment and design is difficult to break while Korean enterprises’ status in ocean engineering equipment manufacturing is ingrained. Therefore, the struggle for low-end equipment manufacturing market between China and Singapore will continue. Hence the pressing problem of improving R&D and the capability of building high-end equipment for Chinese ship manufacturers.

There is still huge space for shipbuilding industry to grow in the next few years due to cost advantage compared with such countries as Japan and Korea and increasing domestic demand which attracts global capital.

Readers can get at least the following information through this report:
-policy and economic environment facing shipbuilding industry in China
-supply and demand of shipbuilding industry in China
-major shipbuilding enterprises in China
-competition in shipbuilding market in China
-import and export of shipbuilding industry in China
-expectation to shipbuilding industry in China

The author suggests the following groups of people purchase this report:
-related enterprises in industrial chain of shipbuilding industry
-shipping company
-shipowner
-investors/research institutions interested in shipbuilding industry in China

For more information kindly visit: https://www.bharatbook.com/shipping-market-research-reports-354707/china-shipbuilding.html

Related report : https://www.bharatbook.com/industry-mfg-market-research-report/shipping.html

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