Research Report on China Shipbuilding Industry by Bharat Book

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Research Report on China Shipbuilding Industry
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Summary

• Ever since Chinas entry into the WTO,
  shipbuilding industry has kept growing. And its
  direct contribution to many industries like water
  transport, fishing and ocean development has
  raised its status in national economy.
• Since the 1990s, the number of finished ship has
  kept increasing, making China one of the
  shipbuilding centers in the world. In 2014, 39.05
  million dwt of ships were built, decreasing 13.9
  year on year. And 59.95 dwt of new vessels was
  ordered, decreasing 14.2 year on year.

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By the end of 2014, 148.90 million dwt of ships
were being handled by Chinese shipbuilding
enterprises, increasing 13.7 year on year, 33.11
million dwt of ships had been finished and
exported, decreasing 7.3 year on year, 55.51
million dwt of ships were ordered for export,
decreasing 14.3 year on year and 142.80 million
dwt of ships for export were being handled,
increasing 23.7 year on year. And ships for
export accounted for 84.8 of finished ships,
92.6 of newly ordered ships and 95.9 of ships
being handled. In 2014, Chinas ship export
totaled USD 23.78 billion, decreasing 14.1 year
on year while its ship import totaled USD 1.2
billion, decreasing 37.1 year on year.
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According to the statistics, in 2014, ship export
value hit its bottom since 2009 which reported
USD 28.36 billion. Ever since export value
reached its historical high of USD 43.69 billion
in 2011, it has kept dropping with a decline of
over 10 in 2012 and 25.3 in 2013 as a result of
international financial crisis. In 2014, although
the new order showed a high-to-low trend in
global ship market and the ocean engineering
equipment market kept shrinking, local shipping
companies and ocean engineering key enterprises
with their own advantages managed to receive an
order of 59.95 dwt of ships which remained first
in the world with a market share of 50.5, a 2.6
increase from 2013. In 2014, shipbuilding
enterprises received a USD 14.76 billion order of
31 ocean engineering equipments and 149 ships
which ranked first in the world with a market
share of 35.2 and increased 5.7 compared with
2013.
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Since the beginning of 2014, the Chinese
government has issued a minor stimulus package
which has loosened the tight supply of money. The
fast decrease of short-term interest rate, in
particular, has created good financing
opportunities for shipping industry. China State
Shipbuilding Corporation has successfully issued
CNY 5 billion SCP with an annual rate of 4.65,
which has reduced financing cost. The
Export-Import Bank of China also provided China
Shipbuilding Industry Corporation with CNY 9
billion working capital loan at a favorable rate,
which has relieved its financing pressure and
boosted its development. Meanwhile, ship
financial leasing has undergone rapid development
and become a major financing channel only second
to bank loan.
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With regard to the difficulties facing shipping
industry, the Chinese government has issued many
important documents concerning elimination of old
ships and fund support since 2013 so as to
support its transformation and upgrading. In the
short term, the monopoly of companies in
developed countries on high-end equipment and
design is difficult to break while Korean
enterprises status in ocean engineering
equipment manufacturing is ingrained. Therefore,
the struggle for low-end equipment manufacturing
market between China and Singapore will continue.
Hence the pressing problem of improving RD and
the capability of building high-end equipment for
Chinese ship manufacturers.
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There is still huge space for shipbuilding
industry to grow in the next few years due to
cost advantage compared with such countries as
Japan and Korea and increasing domestic demand
which attracts global capital. Readers can get at
least the following information through this
report -policy and economic environment facing
shipbuilding industry in China -supply and demand
of shipbuilding industry in China -major
shipbuilding enterprises in China -competition in
shipbuilding market in China -import and export
of shipbuilding industry in China
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The author suggests the following groups of
people purchase this report -related
enterprises in industrial chain of shipbuilding
industry -shipping company -shipowner -investors/r
esearch institutions interested in shipbuilding
industry in China
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Table of Contents
1 Status Quo of Shipbuilding Industry in China 2
Development Environment of Shipbuilding Industry
in China, 2011-2015 3 Operation Status of
Shipbuilding Industry in China, 2011-2014 4
Competition in Shipbuilding Industry, 2011-2015 5
Industrial Chain Analysis of Shipbuilding
Industry in China, 2011-2015 6 Analysis of
Shipbuilding Sub-industries in China, 2011-2014 7
Import and Export Analysis of Shipbuilding
Industry in China, 2011-2014
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of Contents, please visit Research Report on
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