CANSI: China’s shipbuilding output to rise by four percent in 2019, orders to fall

Wednesday, 07 August 2019 14:16:29 (GMT+3)   |   Shanghai
       

The China Association of the National Shipbuilding Industry (CANSI) expects that the aggregate shipbuilding output in China will amount to 36.0 million dead weight tons (dwt) in 2019, up four percent from 34.58 million dwt in 2018. This will keep demand for such steelmaking products as heavy plate at stable levels or will lead to a slight increase in consumption.

At the same time, ship orders on the hands of Chinese shipbuilding enterprises will total 80.0 million dwt by the end of the current year, according to CANSI, down 10.4 percent from the end of 2018. In the first half this year, new shipbuilding orders posted a 47 percent decline. “Demand for new ships in the international market continues to be at a low level, and the new ship structure is gradually shifting to high-tech, high value-added ships,” CANSI reported.

Nevertheless, taking into account higher ship prices, the revenues of shipbuilding enterprises have been increasing this year, gaining 5.7 percent year on year in the January-May period. It is likely that the Chinese shipbuilding industry will become more efficient in the coming years following the announcement at the start of July of the planned merger of Chinese two biggest shipbuilders, namely, China Shipbuilding Industry Corp. and China State Shipbuilding Corp. 


Similar articles

China’s shipbuilding output rises by 14.2 percent in January-June

12 Jul | Steel News

China’s shipbuilding output rises by 9.3 percent in January-April

18 May | Steel News

China’s shipbuilding output declines by 4.6 percent in Q1

20 Apr | Steel News

China’s shipbuilding output declines by 35.3 percent in Jan-Feb

17 Mar | Steel News

World’s largest shipbuilder China State Shipbuilding Corp. unveiled

27 Nov | Steel News

China’s shipbuilding output increases by 6.7 percent in Jan-Sept

16 Oct | Steel News

China’s shipbuilding output up 6.7 percent in Jan-Aug

20 Sep | Steel News

China’s shipbuilding output growth slows in Jan-July, new orders down 39%

29 Aug | Steel News

China’s shipbuilding output increases by 4.2 percent in H1

26 Jul | Steel News

Chinese shipbuilding conglomerates plan strategic reorganization

03 Jul | Steel News