Monday, December 3, 2012

[Ship Building] Chinese Oct. orders "Stable"

Chinese Oct. orders "Stable"

Chinese shipyards delivered increased amount of civilian steel tonnages in October, up by 20% year-on-year and up by 46% month on month. However, some local industrial players still have dim prospects for the market.

According to Northeast Securities of China, during the first ten months of this year, cumulative amount of civilian steel ship delivery grew less by 9.8.%.

During the same period, global newbuilding order stood at 879 vessels of a combined 16.82m cgt, down by 43% year-on-year, of them Chinese shipyards booked 350 vessels of a cumulative 6.1m cgt, fell by 34%.

During October alone, Chinese shipbuilders contracted 36 vessels of 0.54m cgt, while Korean shipyards booked six orders of 0.18m cgt.

From January to September period, Chinese shipyards delivered a total of 41.58m dwt, declined by 18.5% year-on-year. During the same period, China's shipbuilding-related companies over a certain level saw total production value of completed product increased by 2.6% to CNY 584.5bn ($93.9bn). Among them ship conversion and offshore fabrication posted fast growings.

In October, BDI, BPI, BCI, BDT and BCTI increased by 32%, 78%, 45.7%, 3.37% and 1.25%, while BHSI and BSI decreased by 8.14% and 17.8%, respectively.



Published : November 30, 2012


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