Shipbuilding Industry Development Trend
At present, the international shipping market is still fluctuated at a low level. The impact of the continuing low price of second-hand ships and rapidly falling resale prices on the new shipbuilding market will continue to deepen.
As the effective demand for orders is insufficient, the number of order cancellations will increase and new ship orders will continue to be delivered. The total number of global hand-held ship orders will also accelerate back down in the coming years, and it is expected that it will fall below the level of 450 million dwt by the end of this year. China's handheld ship orders may fall back to about 165 million dwt.
Affected by the continued sluggishness of the global new shipbuilding market, the number of new orders received by domestic shipyards has dropped sharply, and the turnover of new ships has been almost stagnant. According to relevant persons from the China Shipbuilding Industry Association, the situation facing the shipbuilding industry will become more severe in the second half of 2010, and economic operations may continue to decline. The situation of “difficulties in receiving orders, difficulties in financing, and difficulties in delivery†will remain a reality that must be taken seriously by the domestic shipbuilding industry.
From the perspective of the development of the main ship type market, compared with bulk carriers and container ships, the ratio of hand-held orders to fleet ownership in the oil tanker market is the lowest. At the same time, the factors that most single-hull oil tankers will be forcibly dismantled in 2010 are considered. There are relative opportunities in the oil tanker market. In addition, with the implementation of domestic policies to stimulate domestic demand, the demand for inland vessels and engineering vessels is relatively good.
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