The utilization rate of the shipbuilding industry in the first three quarters is only 50%

The overcapacity in China's shipbuilding industry is still difficult to get around. It is reported that the industrial utilization rate of the industry in the first three quarters is only half. Industry insiders estimate that domestic shipbuilding capacity in 2015 will be reduced by approximately 30% compared to 2011.

According to the report, in the first three quarters of this year, the capacity utilization rate of China's shipbuilding industry was only 50% to 55%, which is about 20 percentage points lower than the utilization rate of 75% in 2012, which is far lower than the normal capacity utilization rate of the international shipbuilding industry.

“At present, the shipbuilding industry is at the bottom of the cycle in the industry. De-capacity will be a key point for the next two years in the shipbuilding industry.” Zhang Zhangjing, director of China Shipbuilding Industry Economics and Market Research Center, said that China's shipbuilding capacity in 2015 is expected to be higher than in 2011. Cut about 30%. The overcapacity is serious, and the recovery period of the low-lying shipbuilding industry is longer than expected.

According to the newly released “2013-2018 Market Demand Forecast and Investment Strategic Planning Analysis Report for China's Shipbuilding Industry”, in 2012, the number of loss-making enterprises in China’s shipbuilding and related installations industry reached 247, an increase of 39.55% year-on-year; total loss reached 104.57 Billion yuan, a year-on-year increase of 233.34%; asset-liability ratio reached 71.57%. Due to overcapacity in the shipbuilding industry, the boat factory was on the verge of bankruptcy, and the large shipyard was also severely hit.

It is understood that the current global shipbuilding capacity is 61.2 million CGT (corrected tons, which is revised based on the ship’s complex difficulty on the basis of ship gross tonnage). China, Japan and South Korea can make up to 90% of the world’s three shipbuilding domestically. From 2013 to 2015, the average global shipping volume of ships is expected to reach 32 million CGT, and the global overcapacity will exceed 50%. Shipping companies are generally faced with an order shortage.

The data released by the China Association of Shipbuilding Industry shows that during the period from January to September this year, China's shipbuilding completed 30.61 million DWT, a year-on-year decrease of 26.4%; 80 key monitoring companies in the shipping industry realized a 15.8% year-on-year decrease in main business revenue, and total profit was 4.9 billion. Yuan, which dropped 53.9% year-on-year. From January to September, the country took orders for new ships to 38.06 million dwt, an increase of 147.1% year-on-year. The rebound of orders for new vessels will further delay the shipbuilding industry's capacity reduction process.

At the same time as the total amount of surpluses, the problem of structural excesses is also very serious. Low-level, homogenized production capacity is too high. Among the ships completed in the past two years, Chengdu and Chengdu are low-end bulk carriers. In the recent transformation of shipbuilding companies, everyone has turned to offshore manufacturing equipment. Industry insiders worry that over the past two years, offshore industry may experience similar excess capacity in the shipbuilding industry.