Operational Report of China Shipbuilding Industry Prosperity and Price Index

From January to April 2019, the global shipbuilding market was generally cold, with 308 new ships and 19.34 million tonnes of load traded, a decrease of 48.2% compared with the same period last year. In April, 42 new ships and 4.73 million tonnes of load traded globally supported by batch orders created by Guinean bauxite mines recovered 14.5% from the low level, but still decreased by 12.6% compared with the same period last year.

From the key monitoring indicators, in April 2019, the main sub-indicators of China's shipbuilding industry boom leading index fell by two litres, among which, Chinese shipyards undertook 3793,000 new ship orders, up 36.2% annually; the average Clarkson shipping index was 10861 US dollars per day, down 2.4% annually; the new shipbuilding price index of China was 1130 points, up 0.4% annually; and the main coastal and inland river ports were off-shore. Trade throughput was 345.25 million tons, down 3.1% from the previous year. The key sub-indicators of China's shipbuilding industry boom synchronization index fell by three times and one liter. Among them, China's shipbuilding completion volume was 1862,000 tons, a decrease of 37.8% annually; ship export volume was 153.8 billion US dollars, an increase of 8.6% annually; China's shipyard main business income was 14.53 billion yuan, a decrease of 38.4% annually; China's shipyard profit was 0.2 billion yuan, a decrease of 38.5% annually. Under the combined influence of the above indicators, China's shipbuilding industry boom leading index in April 2019 was 100.7, up 1.1 points annually; China's shipbuilding industry boom synchronization index was 95.2, down 0.1 points annually; China's shipbuilding industry early warning index was 88.2, down 1.7 points annually. Judging from the volume of new ships, China's shipyards, with their strong performance in bulk and container shipping markets and strong support from domestic shipowners and capital, have taken on 11.15 million tonnes of new ships with a global share of 57%, which continues to rank first in the world, but still declined by 19% compared with the same period last year. Overall, global economic weakness and international trade uncertainty will continue to depress the release of demand for new ship transactions, and the industry's short-term situation is not very optimistic. It is expected that the early warning index of China's shipbuilding industry will be in a "cold" range in the short term. New shipbuilding price China index main ship price increased slightly in April 2019, new shipbuilding price China index rose to 1130 points, 4 points higher than the ring. Among them, the new shipbuilding prices of bulk carriers, container carriers, oil tankers and liquefied gas carriers are 1373, 873, 1220 and 1374 points respectively, and the ring-to-ring ratio is up by 3 points, 3 points, 6 points and 5 points respectively. Source: Qinhuangdao Coal Network