Research and Markets (http://www.researchandmarkets.com/research/656355/indepth_analysis) has announced the addition of the "In-depth Analysis of China's Shipbuilding Industry 2008" report to their offering.
In terms of the global shipbuilding market competition, in the first half of 2008 China contracted 455 new ships, down 48.30 per cent year-on-year; carrying capacity 29,004,700 DWT, down 44.97 per cent year-on-year. The new ship orders fell faster than the overall level, therefore, the total market share of China's shipbuilding industry in the global shipbuilding market has dropped from 42.96 per cent in the last year same period to 33.71 per cent in the first half of 2008, a decrease of 9.26 percentage points; the reason of decreasing market share of China’s shipbuilding industry is structural changes of new ships’ type, for instance, last year, bulk carrier dominated the market, but, in the first half of 2008 oil tanker, particular VLCC has rebounded quickly, but, China does not have advantages on the building up of VLCC and other high-tech ships.
In the first half of 2008, the total output of China's civil steel ship was 10,145,100 tons, up 42.53 per cent year-on-year; the growth rate is faster than 2007, which was 29.35 per cent. In the past five years, the average annual compound growth of China’s civil ship output was 24 per cent.
In the first five months of 2008, China's ship repair and ship-breaking industry achieved 24.237 billion yuan sales income, an increase of 76.19 per cent year-on-year, 24 percentage points faster than the same period last year and 4.9 24 percentage points higher than 2007; ship’s fitting achieved 12.348 billion yuan revenue, an increase of 76.65 per cent year-on-year, 31.6 percentage points faster than the same period last year and 27.8 percentage points higher than 2007.
China is a developing country, the economic growth has been maintained significantly for more than 10 years, the GDP growth of 2007 was 11.40 per cent, in terms of the stimulating domestic investment and consumption, the Chinese economy growth will still maintain around 10 per cent in the next two years, the GDP growth of 2008 and 2009 is expected to increase 10.20 per cent and 9.80 per cent respectively, also considering the growth of world economy and world trade in the next two years will still maintain a certain growth, therefore, after the shipbuilding industry experienced a boom peak in 2007, it will enter a stable growth period in 2008.
China's strong economic growth has promoted the demand of sea and river transportation from iron ore, coal, grain, construction materials and other bulk, in 2006 and 2007, the total increment of China imported iron ore was exceeded the total increment of global sea transportation; the total sea transportation volume of coal, iron ore, grain and construction materials reached 576 million tons. According to forecasts, by 2011 these types of dry bulk cargo transport volume will reach 850 million tons in China, accounting for one four of the global sea transport volume of dry bulk and 552 million tons coal will need 300 handy size bulk carriers with 4-5 million tons each.
Key Topics Covered:
Circumstance of global shipbuilding industry in the first half of 2008
- The total 86 million tons new ship contracts
- The rebound of oil tanker
- The decreased market share of China's shipbuilding industry in the global market
The ship price in a short term will stay a high level
- Price index has still rose slightly
- The various rising prices of different type ships
- The price in a short term will stay in a high level
The development of China's shipbuilding industry will maintain steadily
- 2007 was the relative boom peak of China’s shipbuilding industry
- Performance of the first half of 2008
- The demand of shipbuilding market will reach dynamic equilibrium by 2010
Analysis the risk of appreciation of RMB
- The great impact of appreciation of Japanese yen on the Japanese shipbuilding industry
- The successful hedge of South Korean shipbuilding industry from the appreciation of South Korean Won
- Analysis of the impact of the appreciation of Japan, China and South Korea currency on their shipbuilding industry
Key companies
- China State Shipbuilding Corporation
- Guangzhou Shipyard International Co., Ltd
Companies Mentioned:
- Guangzhou Shipyard International Co., Ltd
- China State Shipbuilding Corporation
For more information visit http://www.researchandmarkets.com/research/656355/indepth_analysis
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