Friday, October 26, 2012

[Ship Building] Chinese Down in All

Chinese shipbuilding industry saw three shipbuilding indexes for the first three quarters of 2012 all declined, said the Ministry of Industry and Information Technology of China (MIIT) on October 22.

Also, industry player suggested that Chinese shipbuilding players would remain bearish for a while and eventually face broad-scale restructuring.
Chinese Down in All

According to statistical data reported by MIIT, during the first nine months of 2012, Chinese shipbuilders delivered a total of 41.58m dwt newbuildings, declined by 18.5% year-on-year. Of them, seagoing vessels accounted for 12.36m cgt.

Overall new order decreased by 46.9% to 15.41m dwt, during the same period, of them seagoing vessel taking 6.32m cgt.

Chinese shipyards' stood on 120.9m dwt of orderbook as of the end of September, dropped by 19.4% compared with the end of 2011. Seagoing vessels accounted for 40.34m cgt and export ship took 83.8% of total volume of backlog.

Published : October 24, 2012

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