The New RIC: China Shipbuilding Industry Report, 2008-2009 on reports-research.com

Between 1405 and 1433 China has one of the biggest fleets in the world, commanded by Zheng He. When you look at the present shipbuilding industry it seems that China is going to be once more one of the leading navel powers. China already affiliates to the big three regarding the global shipbuilding industry. RIC therefore highlights this Chinese Industry in the China Shipbuilding Industry Report, 2008-2009.

In 2008, Chinese accomplished shipbuilding output was 28.81 million deadweight tonnages, rising by 52.2% of last year. The newly undertook ship orders were 58.18 million deadweight tonnages, a reduction of 40.9% of last year. Ship orders in hand were 204.6 million deadweight tonnages, increased by 28.7% compared with 2007. According to the Clarksons, the market shares of Chinese accomplished shipbuilding output, newly undertook ship orders and ship orders in hand accounted for 29.5%, 37.7% and 35.5% respectively in the world, in which Chinese accomplished shipbuilding output and ship orders in hand kept a fast growth for six consecutive years and led to the three indicators standing the second place in the world.

According to the Clarkson, in 2008, the global newly undertook ship orders were totaled at 150 million deadweight tonnages, a reduction of 42.7% of last year. Especially in Q4 2008, the global newly undertook ship orders were only totaled at 4.76 million deadweight tonnages, which mean each month had an order as small as 1.59 million deadweight tonnages during this quarter, which was only 1/10 of the monthly average during the previous nine months of 2008.

With the transfer of international financial crisis to the real economy, Chinese shipbuilding industry has also felt the coming of strikes. In 2008, the newly undertook ship orders were 58.18 million deadweight tonnages and only 2.61 million deadweight tonnages in the fourth quarter, less than 5% of the whole year’s. Chinese accomplished shipbuilding output exceeded the new undertook orders from October of 2008, first consecutive reduction of monthly orders in hand over the past five years. It is predicted that Chinese accomplished shipbuilding output in 2009 will be over 40 million deadweight tonnages and 56 million deadweight tonnages of orders in hand of last year’s was scheduled to accomplish in 2009. The intervals are about 16 million deadweight tonnages. It is predicted that the newly undertook orders are only about 20 to 30 million deadweight tonnages, half or more reduction year on year. At present, Chinese ship orders in hand declined from 205 million to million deadweight tonnages in 2007 to 160 million deadweight tonnages.

In February 2009, Chinese government issued the Adjustment and Revitalization Plans of Chinese Shipping Industry, showing the Chinese government’s determination to support shipbuilding industry.

The plans emphasis on the points as following: firstly, to stabilize the production; secondly, to enlarge the market demand; thirdly, to develop marine engineering equipment; fourthly, to actively promote the ship repairing; fifthly, to support the merge & acquisition; sixthly, to strengthening the technical innovations.

In this China Shipbuilding Industry Report, 2008-2009, RIC overviews the overall shipbuilding Industry and takes a closer look on the key players, supply and demand and gives a forecast of the Chinese Shipbuilding Industry.

RIC: China Shipbuilding Industry Report, 2008-2009:
http://www.reports-research.com/studien/china-shipbuilding-industry-report-20082009-p-60734.html

RIC: Further Market Data and Market Analyses:
http://www.reports-research.com/studien/beijing-ric-information-consulting-co.-ltd-m-148.html

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