ship building – CRI Report https://www.cri-report.com market research vender! Fri, 16 Jun 2017 08:47:37 +0000 en-US hourly 1 https://www.cri-report.com/wp-content/uploads/2021/01/cropped-shcrilogo-c.jpg ship building – CRI Report https://www.cri-report.com 32 32 2017 China Shipbuilding Industry: Chance Born in Crisis https://www.cri-report.com/industry-analysis/logistics-transport/2017-china-shipbuilding-industry-chance-born-in-crisis/ https://www.cri-report.com/industry-analysis/logistics-transport/2017-china-shipbuilding-industry-chance-born-in-crisis/#respond Fri, 16 Jun 2017 08:47:37 +0000 https://www.cri-report.com/?p=37 In 2016, three major indicators of shipbuilding had a significant drop and profits of relevant enterprises slumped due to the lasting downturn of shipping industry. According to CRI, in 2016, national shipbuilding completion amount was 35.32 million DWTs, down by 15.6% YOY; new orders of ships were 21.07 million DWTs, down by 32.6% YOY; up to the end of Dec, 2016, handheld ship orders were 99.61 million DWTs, down by 19% YOY. From Jan to Nov, 2016, profits of shipbuilding industry enterprises above the nationwide scale are CNY 14.74 billion,…

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]]> In 2016, three major indicators of shipbuilding had a significant drop and profits of relevant enterprises slumped due to the lasting downturn of shipping industry. According to CRI, in 2016, national shipbuilding completion amount was 35.32 million DWTs, down by 15.6% YOY; new orders of ships were 21.07 million DWTs, down by 32.6% YOY; up to the end of Dec, 2016, handheld ship orders were 99.61 million DWTs, down by 19% YOY.

From Jan to Nov, 2016, profits of shipbuilding industry enterprises above the nationwide scale are CNY 14.74 billion, down by 1.9% YOY. In 2016, trading volume of new ships dropped sharply by 67% YOY, and at the end of the year, holding orders of global shipbuilding enterprises decreased by 25% YOY compared to the end of 2015. Holding orders continue to decline and enterprises are faced with working under capacity and increasing pressure. In 2016, new ship market suffered from severe insufficiency of efficient demand and ship enterprises had more and more difficulties to receive new orders.

Globally speaking, the proportion of ship enterprises which received new orders is only 34% of all active ship enterprises while that portion of domestic ship enterprises is 41%. Most ship enterprises still cannot receive enough orders while experiencing the decline of holding orders, and there are more and more empty slipways as time goes by. By the number of holding orders and actual capacity, national guaranteed order ratio drops back to the level in 2015.

Ship enterprises experiences inadequacy of operating ships and production sustains severe challenges. On account of lasting poor business performance of partial ship-owners, ship enterprises are obviously going though problems to deliver vessels. According to statistics, by the end of 2016, domestic ship enterprises’ ratio of deliver on schedule is only 80% because of contract changing of ship-owners, backordered, cancellation of orders and other factors. Production plan cannot be finished on time and production schedule cannot be managed efficiently.

At present, ocean engineering equipment market is under great depression. Utilization of ocean engineering equipment in market decreases sharply; a large quantity of orders is backordered, and some even withdraw or cancel orders; systematic risk is gradually increasing. Ocean engineering equipment market has to face it as utmost urgency. Besides, in recent years, relevant national departments have published many guidelines on financial support for shipping industry to lead banking financial institutions to provide credit loans for high-quality shipping enterprises to help them through.

Meanwhile, active mergers and reorganizations exist in the industry. For instance, COSCO Group founded COSCO Shipbuilding Heavy Industry Co., Ltd. by integrating 13 large shipbuilding factories and over 20 supporting service companies; Integrations and reorganizations between CSIC Dalian Shipbuilding and Shanhaiguan Shipbuilding, Wuhan Shipbuilding and Beihai Shipbuilding, Fengfan and Torchbat Energy, Chongqing Hongjiang and Chongyue were forging ahead steadily

Therefore, CRI believes that China still has great competitive advantage over South Korea and Japan in shipbuilding. China shipbuilding industry is moving forward in downturn and is expected to regain its vitality by mergers and acquisitions.

 

Related Reports:

Research Report on China Shipbuilding Industry, 2017-2021

In 2016, international ship market was on a downtrend. Global trading volume of new ships declined by 67% YOY, and holding orders of global ship enterprises declined by 25% over 2015.

A-Share Listed Airport and Shipping Companies – Profiles and Financial Data

By the end of 2016, China’s shipping scale had reached 160 million deadweight tonnages, ranking the third in the world. Berths with above 10,000 deadweight tonnages were up to 2,207 with a throughput of 7.9 billion tons.

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]]> https://www.cri-report.com/industry-analysis/logistics-transport/2017-china-shipbuilding-industry-chance-born-in-crisis/feed/ 0 Reliable Ranking of Global Top 10 Shipbuilding Companies https://www.cri-report.com/industry-analysis/logistics-transport/reliable-ranking-of-global-top-10-shipbuilding-companies/ https://www.cri-report.com/industry-analysis/logistics-transport/reliable-ranking-of-global-top-10-shipbuilding-companies/#respond Fri, 16 Jun 2017 08:03:30 +0000 https://www.cri-report.com/?p=20 The ranking of shipyards can be based on multiple parameters — from completion amount to holding orders. However, what reflects the real operation situation of a company is its sales revenue. Recently, the list of top 10 shipbuilding companies in terms of sales revenue was released by the press. It shows that the top 5 are in South Korea, China and Japan, indicating the trend of the global shipbuilding industry. (CRI note: the actual sales revenue of a company is hard to calculate. In particular, China’s two shipbuilding leaders are…

The post Reliable Ranking of Global Top 10 Shipbuilding Companies first appeared on CRI Report.

]]> The ranking of shipyards can be based on multiple parameters — from completion amount to holding orders. However, what reflects the real operation situation of a company is its sales revenue. Recently, the list of top 10 shipbuilding companies in terms of sales revenue was released by the press. It shows that the top 5 are in South Korea, China and Japan, indicating the trend of the global shipbuilding industry. (CRI note: the actual sales revenue of a company is hard to calculate. In particular, China’s two shipbuilding leaders are both involved in military businesses.  Confidential data are not released to the public, affecting their rankings. Therefore, the list serves as a reference only.)

The following is the list of top 10 shipbuilding companies in the world and their sales revenues in 2015:

1 Hyundai Heavy Industries, USD 39.32 billion

2 Mitsubishi Heavy Industries, USD 35.97 billion

3 Daewoo Shipbuilding & Marine Engineering, USD 12.76 billion

4 CSIC, USD 9.21 billion

5 Samsung Heavy Industries, USD 8.26 billion

6 Huntington Ingalls, USD 7.02 billion

7 CSSC, USD 4.27 billion

8 Sembcorp Marine, USD 3.61 billion

9 Imabari Shipbuilding, USD 3.16 billion

10 HHIC, USD 2.5 billion

 

Relevant research reports:

Research Report on China Shipbuilding Industry, 2017-2021 | New!

In 2016, international ship market was on a downtrend. Global trading volume of new ships declined by 67% YOY, and holding orders of global ship enterprises declined by 25% over 2015.

China Ship Repair Industry Overview, 2016-2020

China Shipbuilding Industry Overview, 2016-2020

China Ship Equipment Industry Overview, 2016-2020

Research Report on China Shipbuilding Industry, 2010-2019

Research Report on China Shipbuilding Industry, 2014-2018

Research Report on China Shipbuilding Industry, 2011-2020

A-Share Listed Airport and Shipping Companies – Profiles and Financial Data

Research Report on China Yacht Industry, 2017-2021

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