China economic performance of shipbuilding industry from January to April 2019
From January to April 2019, the international shipping market as a whole was at a low level, and global orders for new ships continued to decline.
In the month of April, the Baltic Dry Index (BDI) rebounded significantly. The decline in orders for new ships in China narrowed, and the completion of shipbuilding continued to grow. Key economic indicators such as industrial output value of key enterprises were monitored and increased year-on-year.
1. Three major shipbuilding indicators in China
From January to April, the nation's shipbuilding completed 13.25 million deadweight tons, an increase of 13.3%. The order for new ships was 9.49 million DWT, a year-on-year decrease of 47.3%. At the end of April, orders for ships were 85.55 million DWT, down 8% year-on-year, down 4.2% from the end of 2018.From January to April, the country's completed export ships were 12.39 million DWT, a year-on-year increase of 13.7%. The orders for export vessels were 8.74 million DWT, down 47.7% year-on-year. At the end of April, orders for export vessels were 77.17 million DWT, down 8.2% year-on-year.
Export ships accounted for 93.5%, 92.1% and 90.2% of the total shipbuilding completion, new orders and hand-held orders respectively.
2. Indicators of Intensive monitoring enterprise
1. Among the three major shipbuilding indicators in China, one has increased while the other two have declined.
From January to April, 53 key monitoring shipbuilding companies completed 12.88 million DWT, an increase of 13.7%. The new ship's orders were 9.09 million DWT, down 48.2% year-on-year. At the end of April, orders for ships were 83.86 million DWT, down 6.7% year-on-year.From January to April, 53 key monitoring shipbuilding enterprises completed 12.11 million DWT, an increase of 14.9%. Orders for export vessels were 8.44 million DWT, down 48% year-on-year. At the end of April, orders for export vessels were 75.81 million DWT, down 7.1% year-on-year. Export vessels accounted for 94%, 92.8% and 90.4% of the key shipbuilding enterprises' completions, new orders, and hand-held orders respectively.
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