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The ship market will be more difficult next year
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The ship market will be more difficult next year

  • Categories:Industry dynamics
  • Author:
  • Origin:
  • Time of issue:2012-12-12 15:38
  • Views:0

(Summary description)Shipindustryisacomprehensiveindustryprovidingtechnicalequipmentforshippingindustry,marinedevelopmentandnationaldefenseconstruction,whichplaysastrongleadingroleinthedevelopmentandexpansionofkeyindustriessuchassteel,petrochemical,lightindustry,textile,equipmentmanufacturing,electronicinformationandotherkeyindustries.ThequalityofshipbuildingindustrydirectlyaffectsthedemandofshipbuildingboardinChinainthefuture.MarketdemandhasshrunkduetothestillstrongriskofrecessioninEurope,sluggisheconomicrecoveryintheUnitedStatesandtheslowdowninthedevelopmentofemergingeconomies.Theshipmarketcontinuestobedepressed,andtheshipindustryisfacingdifficultiesinshipreceiving,shipdelivery,financingandpaymentcollection.Inthefirst10months,theprofitofChina'sshipindustrydropped34.8%yearonyear.Asthecontradictionbetweensupplyanddemandintheglobalshipmarketisdifficulttoeliminate,andtheshippingmarketwillremaindepressed,theproductionandoperationofChina'sshipindustrywillfacemoreseverechallenges.In2013,theshipmarketwillbemoredifficult,anditisestimatedthatthedemandforshipbuildingsteelinChinawillbeaffectedbyabout3milliontons.1、Currentsituationofshipbuildingindustry:theshippingmarketcontinuedtobedepressedinthefirst10months,andtheprofitofshipbuildingindustryfell34.8%yearonyear1.Newshiporderscontinuedtoshrinkinthefirst10months,withinsufficienteffectivemarketdemandAccordingtothedatareleasedbytheDepartmentofequipmentindustryoftheMinistryofindustryandinformationtechnology,46.67milliondwtofshipbuildingwascompletedinChinafromJanuarytoOctober2012,down15.5%yearonyear.Newordersof16.42milliondwtwerereceived,down44.8%yearonyear.BytheendofOctober,China'sordersforhand-heldshipswere116.63milliondwt,down29.5%year-on-yearand22.2%year-on-year,whichislessthanthe1.6-yearworkcapacityofChina'sshipbuildingindustry.Industryexpertspointedoutthatatpresent,thecontradictionbetweensupplyanddemandintheglobalshipmarketisdifficulttoeliminate,theshipmarketwillremaindepressed,andthepossibilityofmarketrecoveryintheshorttermissmall.2.Withtheincreaseofshipordercancellation,shipyardoperationisfacingdifficultiesFromJanuarytoOctober2012,newshiptransactionscontinuedtobesluggish,withdomesticnewordersof16.42milliondwt,only35%ofthecompletedvolumeofnewshipsinthesameperiod.Atthesametime,affectedbytheextremelydepressedbulkcargoshipmarket,thenumberofshiporderscancelledincreased.Inthefirsthalfoftheyear,41shipordersand2.58milliondwtwerecancellednationwide,1.3timesofthetotalnumberofshiporderscancelledlastyear.3.TheshippingmarketcontinuestobedepressedandthedifficultyofshipdeliveryisincreasingdaybydayAffectedbythedownturnofshippingmarketandthecontinuouslossofshipowners'operation,thephenomenonofdifficultdeliveryhasspreadfromsmallandmedium-sizedshipyardstobackboneshipyards.Therearemoreandmorerequirementsforshipownerstochangedesign,contractperiod,strictinspectionandpriceadjustment.Inadditiontotheimplementationofnewinternationalstandardsandspecifications,shipdeliveryisbecomingmoreandmoredifficult.Someenterpriseshaveextensivemanagement,inadequateunderstandingofthenormsandstandards,incommensuratewiththestrictrequirementsofshipowners,significantlyincreasedthedifficultyofshipdelivery,andincreasedthedelayofshipdelivery.4.It'sdifficulttoraisefundsandcollectfunds,andtheenterprise'scapitalisfacingdisconnectionUndertheinfluenceofthefinancialcrisis,theglobalbanklendinglimithasshrunk,andtheproblemofshipownerfinancinghasintensified.Theproportionofadvancepaymentofnewshipcontracthasdroppedfrom40%toabout10%,andtheproportionofprogresspaymentafterdeliveryislarge,andthepaymentcannotbecollectedintime,whichmakesthelackofliquidityofproductionfundsofenterprisesincreasinglyserious.Sincethebeginningofthisyear,financialinstitutionshavetightenedmonetarypolicy,anditismoredifficultforshippingenterprisestoobtainworkingcapitalloansandissueadvancepaymentguarantees,especiallyforsmallandmedium-sizedenterprises,whichmakessomeenterprisesunabletotakeordersbecausetheycannotsolvefinancingproblems.5.Shipyard'sloss,bankruptcyandincreaseofcrewreductionTheshipmarketcontinuestobedepressed,thepriceofthethreemainshiptypeswhicharedominantinChina'sshipenterprisescontinuestofall,thebusinessorderreceivingisinthestateofnegativegrossprofitrate,andthecontradictionbetweentheshippriceandthecosthangingupsidedownisveryprominent.StatisticsshowthatfromJanuarytoSeptember,themainbusinessincomeoftheshipbuildingindustrywas504.9billionyuan,aslightincreaseoverthesameperiodoflastyear,whilethetotalrealizedprofitdecreasedby34.8%yearonyear,theprofitmarginofproductsaleswasonly4.28%,ayear-on-yeardecreaseof42.1%.Somesmallandmedium-sizedenterprisesarefacingamoreseveretest,andthephenomenonofproductionconversion,bankruptcyanddownsizingisbecomingincreasinglyserious.5.Shipyard'sloss,bankruptcyandincreaseofcrewreductionTheshipmarketcontinuestobedepressed,thepriceofthethreemainshiptypeswhicharedominantinChina'sshipenterprisescontinuestofall,thebusinessorderreceivingisinthestateofnegativegrossprofitrate,andthecontradictionbetweentheshippriceandthecosthangingupsidedownisveryprominent.S

The ship market will be more difficult next year

(Summary description)Shipindustryisacomprehensiveindustryprovidingtechnicalequipmentforshippingindustry,marinedevelopmentandnationaldefenseconstruction,whichplaysastrongleadingroleinthedevelopmentandexpansionofkeyindustriessuchassteel,petrochemical,lightindustry,textile,equipmentmanufacturing,electronicinformationandotherkeyindustries.ThequalityofshipbuildingindustrydirectlyaffectsthedemandofshipbuildingboardinChinainthefuture.MarketdemandhasshrunkduetothestillstrongriskofrecessioninEurope,sluggisheconomicrecoveryintheUnitedStatesandtheslowdowninthedevelopmentofemergingeconomies.Theshipmarketcontinuestobedepressed,andtheshipindustryisfacingdifficultiesinshipreceiving,shipdelivery,financingandpaymentcollection.Inthefirst10months,theprofitofChina'sshipindustrydropped34.8%yearonyear.Asthecontradictionbetweensupplyanddemandintheglobalshipmarketisdifficulttoeliminate,andtheshippingmarketwillremaindepressed,theproductionandoperationofChina'sshipindustrywillfacemoreseverechallenges.In2013,theshipmarketwillbemoredifficult,anditisestimatedthatthedemandforshipbuildingsteelinChinawillbeaffectedbyabout3milliontons.1、Currentsituationofshipbuildingindustry:theshippingmarketcontinuedtobedepressedinthefirst10months,andtheprofitofshipbuildingindustryfell34.8%yearonyear1.Newshiporderscontinuedtoshrinkinthefirst10months,withinsufficienteffectivemarketdemandAccordingtothedatareleasedbytheDepartmentofequipmentindustryoftheMinistryofindustryandinformationtechnology,46.67milliondwtofshipbuildingwascompletedinChinafromJanuarytoOctober2012,down15.5%yearonyear.Newordersof16.42milliondwtwerereceived,down44.8%yearonyear.BytheendofOctober,China'sordersforhand-heldshipswere116.63milliondwt,down29.5%year-on-yearand22.2%year-on-year,whichislessthanthe1.6-yearworkcapacityofChina'sshipbuildingindustry.Industryexpertspointedoutthatatpresent,thecontradictionbetweensupplyanddemandintheglobalshipmarketisdifficulttoeliminate,theshipmarketwillremaindepressed,andthepossibilityofmarketrecoveryintheshorttermissmall.2.Withtheincreaseofshipordercancellation,shipyardoperationisfacingdifficultiesFromJanuarytoOctober2012,newshiptransactionscontinuedtobesluggish,withdomesticnewordersof16.42milliondwt,only35%ofthecompletedvolumeofnewshipsinthesameperiod.Atthesametime,affectedbytheextremelydepressedbulkcargoshipmarket,thenumberofshiporderscancelledincreased.Inthefirsthalfoftheyear,41shipordersand2.58milliondwtwerecancellednationwide,1.3timesofthetotalnumberofshiporderscancelledlastyear.3.TheshippingmarketcontinuestobedepressedandthedifficultyofshipdeliveryisincreasingdaybydayAffectedbythedownturnofshippingmarketandthecontinuouslossofshipowners'operation,thephenomenonofdifficultdeliveryhasspreadfromsmallandmedium-sizedshipyardstobackboneshipyards.Therearemoreandmorerequirementsforshipownerstochangedesign,contractperiod,strictinspectionandpriceadjustment.Inadditiontotheimplementationofnewinternationalstandardsandspecifications,shipdeliveryisbecomingmoreandmoredifficult.Someenterpriseshaveextensivemanagement,inadequateunderstandingofthenormsandstandards,incommensuratewiththestrictrequirementsofshipowners,significantlyincreasedthedifficultyofshipdelivery,andincreasedthedelayofshipdelivery.4.It'sdifficulttoraisefundsandcollectfunds,andtheenterprise'scapitalisfacingdisconnectionUndertheinfluenceofthefinancialcrisis,theglobalbanklendinglimithasshrunk,andtheproblemofshipownerfinancinghasintensified.Theproportionofadvancepaymentofnewshipcontracthasdroppedfrom40%toabout10%,andtheproportionofprogresspaymentafterdeliveryislarge,andthepaymentcannotbecollectedintime,whichmakesthelackofliquidityofproductionfundsofenterprisesincreasinglyserious.Sincethebeginningofthisyear,financialinstitutionshavetightenedmonetarypolicy,anditismoredifficultforshippingenterprisestoobtainworkingcapitalloansandissueadvancepaymentguarantees,especiallyforsmallandmedium-sizedenterprises,whichmakessomeenterprisesunabletotakeordersbecausetheycannotsolvefinancingproblems.5.Shipyard'sloss,bankruptcyandincreaseofcrewreductionTheshipmarketcontinuestobedepressed,thepriceofthethreemainshiptypeswhicharedominantinChina'sshipenterprisescontinuestofall,thebusinessorderreceivingisinthestateofnegativegrossprofitrate,andthecontradictionbetweentheshippriceandthecosthangingupsidedownisveryprominent.StatisticsshowthatfromJanuarytoSeptember,themainbusinessincomeoftheshipbuildingindustrywas504.9billionyuan,aslightincreaseoverthesameperiodoflastyear,whilethetotalrealizedprofitdecreasedby34.8%yearonyear,theprofitmarginofproductsaleswasonly4.28%,ayear-on-yeardecreaseof42.1%.Somesmallandmedium-sizedenterprisesarefacingamoreseveretest,andthephenomenonofproductionconversion,bankruptcyanddownsizingisbecomingincreasinglyserious.5.Shipyard'sloss,bankruptcyandincreaseofcrewreductionTheshipmarketcontinuestobedepressed,thepriceofthethreemainshiptypeswhicharedominantinChina'sshipenterprisescontinuestofall,thebusinessorderreceivingisinthestateofnegativegrossprofitrate,andthecontradictionbetweentheshippriceandthecosthangingupsidedownisveryprominent.S

  • Categories:Industry dynamics
  • Author:
  • Origin:
  • Time of issue:2012-12-12 15:38
  • Views:0
Information
Ship industry is a comprehensive industry providing technical equipment for shipping industry, marine development and national defense construction, which plays a strong leading role in the development and expansion of key industries such as steel, petrochemical, light industry, textile, equipment manufacturing, electronic information and other key industries. The quality of shipbuilding industry directly affects the demand of shipbuilding board in China in the future.
Market demand has shrunk due to the still strong risk of recession in Europe, sluggish economic recovery in the United States and the slowdown in the development of emerging economies. The ship market continues to be depressed, and the ship industry is facing difficulties in ship receiving, ship delivery, financing and payment collection. In the first 10 months, the profit of China's ship industry dropped 34.8% year on year. As the contradiction between supply and demand in the global ship market is difficult to eliminate, and the shipping market will remain depressed, the production and operation of China's ship industry will face more severe challenges. In 2013, the ship market will be more difficult, and it is estimated that the demand for shipbuilding steel in China will be affected by about 3 million tons.
1、 Current situation of shipbuilding industry: the shipping market continued to be depressed in the first 10 months, and the profit of shipbuilding industry fell 34.8% year on year
1. New ship orders continued to shrink in the first 10 months, with insufficient effective market demand
According to the data released by the Department of equipment industry of the Ministry of industry and information technology, 46.67 million dwt of shipbuilding was completed in China from January to October 2012, down 15.5% year on year. New orders of 16.42 million dwt were received, down 44.8% year on year. By the end of October, China's orders for hand-held ships were 116.63 million dwt, down 29.5% year-on-year and 22.2% year-on-year, which is less than the 1.6-year work capacity of China's shipbuilding industry. Industry experts pointed out that at present, the contradiction between supply and demand in the global ship market is difficult to eliminate, the ship market will remain depressed, and the possibility of market recovery in the short term is small.
2. With the increase of ship order cancellation, shipyard operation is facing difficulties
From January to October 2012, new ship transactions continued to be sluggish, with domestic new orders of 16.42 million dwt, only 35% of the completed volume of new ships in the same period. At the same time, affected by the extremely depressed bulk cargo ship market, the number of ship orders cancelled increased. In the first half of the year, 41 ship orders and 2.58 million dwt were cancelled nationwide, 1.3 times of the total number of ship orders cancelled last year.
3. The shipping market continues to be depressed and the difficulty of ship delivery is increasing day by day
Affected by the downturn of shipping market and the continuous loss of shipowners' operation, the phenomenon of difficult delivery has spread from small and medium-sized shipyards to backbone shipyards. There are more and more requirements for ship owners to change design, contract period, strict inspection and price adjustment. In addition to the implementation of new international standards and specifications, ship delivery is becoming more and more difficult. Some enterprises have extensive management, inadequate understanding of the norms and standards, incommensurate with the strict requirements of shipowners, significantly increased the difficulty of ship delivery, and increased the delay of ship delivery.
4. It's difficult to raise funds and collect funds, and the enterprise's capital is facing disconnection
Under the influence of the financial crisis, the global bank lending limit has shrunk, and the problem of shipowner financing has intensified. The proportion of advance payment of new ship contract has dropped from 40% to about 10%, and the proportion of progress payment after delivery is large, and the payment can not be collected in time, which makes the lack of liquidity of production funds of enterprises increasingly serious. Since the beginning of this year, financial institutions have tightened monetary policy, and it is more difficult for shipping enterprises to obtain working capital loans and issue advance payment guarantees, especially for small and medium-sized enterprises, which makes some enterprises unable to take orders because they cannot solve financing problems.
5. Shipyard's loss, bankruptcy and increase of crew reduction
The ship market continues to be depressed, the price of the three main ship types which are dominant in China's ship enterprises continues to fall, the business order receiving is in the state of negative gross profit rate, and the contradiction between the ship price and the cost hanging upside down is very prominent. Statistics show that from January to September, the main business income of the shipbuilding industry was 504.9 billion yuan, a slight increase over the same period of last year, while the total realized profit decreased by 34.8% year on year, the profit margin of product sales was only 4.28%, a year-on-year decrease of 42.1%. Some small and medium-sized enterprises are facing a more severe test, and the phenomenon of production conversion, bankruptcy and downsizing is becoming increasingly serious.
5. Shipyard's loss, bankruptcy and increase of crew reduction
The ship market continues to be depressed, the price of the three main ship types which are dominant in China's ship enterprises continues to fall, the business order receiving is in the state of negative gross profit rate, and the contradiction between the ship price and the cost hanging upside down is very prominent. Statistics show that from January to September, the main business income of the shipbuilding industry was 504.9 billion yuan, a slight increase over the same period of last year, while the total realized profit decreased by 34.8% year on year, the profit margin of product sales was only 4.28%, a year-on-year decrease of 42.1%. Some small and medium-sized enterprises are facing a more severe test, and the phenomenon of production conversion, bankruptcy and downsizing is becoming increasingly serious.
5. Shipyard's loss, bankruptcy and increase of crew reduction
The ship market continues to be depressed, the price of the three main ship types which are dominant in China's ship enterprises continues to fall, the business order receiving is in the state of negative gross profit rate, and the contradiction between the ship price and the cost hanging upside down is very prominent. Statistics show that from January to September, the main business income of the shipbuilding industry was 504.9 billion yuan, a slight increase over the same period of last year, while the total realized profit decreased by 34.8% year on year, the profit margin of product sales was only 4.28%, a year-on-year decrease of 42.1%. Some small and medium-sized enterprises are facing a more severe test, and the phenomenon of production conversion, bankruptcy and downsizing is becoming increasingly serious.
5. Shipyard's loss, bankruptcy and increase of crew reduction
The ship market continues to be depressed, the price of the three main ship types which are dominant in China's ship enterprises continues to fall, the business order receiving is in the state of negative gross profit rate, and the contradiction between the ship price and the cost hanging upside down is very prominent. Statistics show that from January to September, the main business income of the shipbuilding industry was 504.9 billion yuan, a slight increase over the same period of last year, while the total realized profit decreased by 34.8% year on year, the profit margin of product sales was only 4.28%, a year-on-year decrease of 42.1%. 

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