Analysing China’s shipbuilding industry In-depth | CHINA SHIP NEWS
An Economic analysis of China’s shipbuilding industry in 2011shows that it maintained a steady growth as economic indices kept increasing, achieving a healthy start for the 12th Five-year Plan period (2011-2015) writes Te China Association of the National Shipbuilding Industry.
H
ampered by the slow recovery of the world economy and as the shipbuilding market remained
weak, the volume of new ship orders from Chinese yards dropped significantly in 2011.
Three major shipbuilding indices go in different directions In 2011, China completed new vessels of 76.65 million dwt, up 16.9% year-on-year. Te country received new shipbuilding orders of 36.22 million dwt in 2011, down 51.9% from the previous year and at the end of December 2011, shipbuilding orders in hand amounted to 149.91 million dwt, 23.5% lower than that at the end of 2010. Regarding the completion of new vessels, newly-received orders and orders in hand, China’s global market share amounted to 45.1%, 52.2% and 43.3% in terms of dwt.
Industrial production values keep growing In 2011, there were 1536 designated-size* marine related companies. Tese companies accomplished industrial production valued at RMB777.5 billion (US$123.4 billion), up 22.2% from the previous year. Te percentage increase was 3% lower than the percentage growth in the previous year. Among these companies, shipbuilding firms achieved RMB598.3 billion (US$94.96 billion) turnover, representing a year-on-year growth of 22.5%, the growth was 1.4% lower than that of 2010. Ship accessory companies completed production of RMB90.9 billion (US$14.43 billion), up 30.7% from the previous year, the percentage increase was 5.2% higher than the growth in 2010. Shiprepair and ship breaking enterprises achieved RMB81.1 billion (US$12.87 billion), representing a 13.6% year-on-year growth; the percentage increase was lower than 2010s growth by 17.3%.
Ship exports continue to grow In 2011, China exported 62.55 million dwt of ships, up 18% from the previous year.
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Newly-received export orders amounted to 27.67 million dwt, down 51.5% year-on- year. At the end of 2011, export orders in hand amounted to 136.72 million dwt, 17.5% lower than that as at the end of 2010. Te proportions of exported vessels in the country’s total shipbuilding completion volume, newly-received ship orders and orders in hand amounted to 81.6%, 76.4% and 91.2% respectively. In 2011, China’s designated-size* marine
related companies have accomplished RMB319.6 billion (US$50.73 billion) worth of total export deliveries, a 13.4% increase from 2010. Among them, shipbuilding companies achieved RMB274.1 billion (US$43.5 billion), representing a 14.5% year-on-year increase; ship accessories companies completed RMB10 billion (US$1.59 billion), representing a 10.4% year-on-year growth; ship repair and ship breaking companies accomplished RMB30.8 billion (US$4.89 billion), up 6.2% from the previous year. In the first eleven months of 2011, the total
exported value of ship products exported from China amounted to US$39.78 billion, up 8% from the same period in 2010. China exported ship products to 175 countries and regions. Asia and Europe were the major export markets. The total value of ship products exported to Asia was US$19.93 billion, making up 50.1% of the total ship product export value; while the value of ship products sold to Europe amounted to US$8.81 billion, making up 22.1% of the total export value.
Economic efficiency grows steadily In the first eleven months of 2011, China’s marine companies of a designated-size* achieved total sales from core businesses of RMB622.1 billion (US$98.74 billion), up 24.9% year-on-year. Among which, shipbuilding companies achieved RMB473.2 billion (US$75.1 billion), up 25.6% year-on-year; ship accessory companies accomplished RMB76.1 billion
(US$12.08 billion), an increase of 30.1% year-on-year; shiprepair and ship breaking companies achieved RMB63.3 billion (US$10.05 billion), representing a 16.3% gain from the previous year. In the first eleven months of 2011, China’s
designated-size* marine related companies achieved total profits of RMB48.1 billion (US$7.63 billion), up 25.5% year-on-year. Among which, shipbuilding companies profits of RMB40.2 billion (US$6.38 billion), up 28.4% year-on-year, making up 83.6% of the profit of the whole marine related industry; ship accessory companies earned profits of RMB4.3
billion (US$682.52
million), increased 16.5% year-on-year, occupying 8.9% of the profit of the whole marine related industry; shiprepair and ship breaking companies achieved profits of RMB3.3 billion (US$523.8 million), representing a 14.9% gain from the previous year and making up 6.9% of the profit of the whole marine related industry.
Main features of the economic operations In 2011, shipbuilding enterprises actively responded to the challenges, ensured deliveries and enhanced their resilience to risks. Completion volume continued to grow. Te country’s shipbuilding completion volume exceeded 70 million tonnes for the first time, reaching 76.65 million dwt, the highest ever in history. Leveraging on their advance technology
and management, Major shipbuilding enterprises pushed their ship completion volume to a new level. Among them, Shanghai Waigaoqiao Shipbuilding Co Ltd completed production of more than 8 million dwt; Dalian Shipbuilding Industry Co Ltd completed production of exceeding 6 million dwt; Jiangsu New Times Shipbuilding Co Ltd and Jiangsu Rongsheng Heavy Industries Co Ltd completed production of more than 4 million dwt. Tere are 22 enterprises with ship production volume
The Naval Architect May 2012
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