Market Research
Report On China's shipbuilding industry in 2006
Published:Feb,26 2007
Introduction
Since China's reform and opening up to the outside world,
especially from 1990's, China shipbuilding industry becomes a
black horse with shipbuilding capacity and productivity
developed rapidly. In 1981, production capacity of China
shipbuilding was only about 800,000 comprehensive tons, while it
rose up to 1,500,000 comprehensive tons in 1990, 2,500,000
comprehensive tons in 1995, and already had a breakthrough of 5
million comprehensive tons in 2000. In 2004, shipoutput reached
8.8 million deadweight tons which accounts for 14 percent in
world shipbuilding market.
At present, domestic shipbuilding industry is primarily
constructed of China State Shipbuilding Corporation (CSSC) and
China Shipbuilding Industry Corporation (CSIC), which is
structured partially on the foundation of institutions and
enterprises, affiliated to the former China Shipbuilding
Industry General Company, CSSC and CSIC are named as North
Corporation and South Corporation. It is under direct leadership
of Commission of Science &Technology and Industry for National
Defense, in which the North Corporation owns 48 industrial
enterprises, 28 scientific & technological research institutes,
15 share holding/joint sharing companies in CSIC, and are
distributed in over 20 provinces/cities in China. Its
subsidiaries include Dalian Shipyard, Dalian New Shipyard, Bohai
Shipyard, Wuchang Shipyard, Shanhaiguan Shipyard, China Ship
Research & Development Academy, China Shipbuilding Trading
Company Ltd., China Offshore Oil Engineering Co., Ltd. South
Corporation includes industrial enterprises such as Jiangnan
Shipbuilding (Group) Co.,Ltd, Hudong ¨C Zhonghua Shipbuilding
(Group), Shanghai Waigaoqiao Shipbuiding Co.,Ltd, Guangzhou
Shipyard International Corporation Limited, Shanghai Shipyard,
Oasis Machinery, Haiying Enterprises Group Corporation, and some
major institutes such as MARIC-Marine Design & Research
Institute of China as well as other shareholding companies such
as CHINA SHIPBUILDING TRADING CO., LTD. and Hongkong HuaLian
Shipbuilding Co.,Ltd. Over a few decades of development,
shipbuilding in China has grown to be export-oriented industry.
At present, 70% of China's shipbuilding output are exported and
these vessels are exported to 91 countries and regions,
including shipping stronger like Greece, Norway, U.S.A., U.K.
and shipbuilding countries such as Japan, Korea and Germany.
Percentage of the vessels China has exported to advanced
countries and regions accounts for over 60% of all exported
vessels of China. Capacity tonnage for vessels exported is
increased up to hundreds of thousands, and even 300,000 in the
meanwhile, variety of exported vessels is extended to some other
specialized vessel with higher technology content and higher
added value such as refined petroleum ship, chemical ship, large
container-vessel, Roll-on& Roll-off, liquefied natural gas
carries, marine oil-storage ship and VLCC(very large crude
carrier).
Table of Contents
1£®Analysis of China's shipbuilding industry 5
1.1Overview of China's shipbuilding industry 5
1.2 China State Shipbuilding Corporation (CSSC) 7
1.3 China Ship Industry Group (CSIC) 9
1.4 Local shipbuilding enterprises 10
1.5 Analysis of competition advantages of China's
shipbuilding industry 10
2. Overview of China's shipbuilding industry in 2006 12
2.1 Total output of ship in China 12
2.1.1 Total ship output in China in 2006 12
2.2 Output of shipbuilding from local enterprises 13
2.2 Economic Indicators of major ship-building enterprises
in 2006 in China 13
2.2.1Ship completed of major Shipbuilding enterprises of
China in 2006 13
2.2.2 New orders received of China's major Shipbuilding
enterprises in 2006 14
2.2.3 Ship orders in hand of China's major Shipbuilding
enterprises in 2006 15
2.2.4 Gross Industrial Output Value of major Shipbuilding
enterprises in 2006 15
2.2.5 Sales Revenue of major Shipbuilding enterprises of
China in 2006 16
2.3 Analysis of Import and Exports of China's shipbuilding
industry 17
2.4 Analysis of economic efficiency of China's ship industry
in 2006 30
2.4.1 Analysis of The overall economic efficiency of ship
industry in 2006 30
2.4.2The number of enterprises, the number of loss making
enterprises , total value of industry output, and the
average number of overall employees of China's metal ship
building industry in 2006 32
2.4.3 Asset-liability of China's metal ship building
industry in 2006 34
2.4.4Sales revenue of product,Sales cost of product,Sales
expenditure of product of China's metal ship building
industry in 2006 35
2.4.5 Total profit,Total tax of China's metal shipbuilding
industry in 2006 36
2.4.6 Financial ratio of China's metal shipbuilding industry
in 2006 38
3. Analysis of Chinese Ship-building Base Construction 40
3.1Profile of Changxing Shipbuilding Base on Shanghai's
Changxing Island of China State Shipbuilding Corporation
(CSSC ) 41
3.2 Guangzhou Nansha Ship-building Base of China Ship
Industry Group(CSIC) 45
3.3 Ship-building Base of Bohai Bay 45
3.4 Removing project of Xingang Shipyard in Tianjin 46
4. The Overview of China's Ship Repair and Conversion
Workshops 47
4.1 COSCO-Shipyard 47
4.2 ClC 50
4.3 CSSC 51
4.4 CSIC 52
4.5 Other main ship repair workshops 53
5 Current situation of Chinese ship ancillary industry 54
5.1 Globally comparison of localization rate of parts and
components of ancillary equipments of shipbuilding industry
54
5.2 The current purchase situation of ancillary equipment of
shipping of China 55
5.3 The technological level and current situation of the
development of the main shipping ancillary equipment 56
6. The policy and legal environment of Chinese shipping
industry 60
6.1 The impact of General Agreement on Tariffs and Trade and
International Shipbuilding Protocol on Chinese shipping
industry 60
6.2 Support policy to shipbuilding industry of Chinese
Government 66
7£®International shipbuilding market status quo and future
development prediction 67
7.1 Market share of leading shipbuilding countries 67
7.1.1 Global market share of European ship industry 67
7.1.2 Global market share of Korean ship industry 69
7.1.3 Analysis of new orders received of Japan,Korea,China,
2000-2006 70
7.1.4 Global market share of Japan ship industry 71
7.2 Profiles of main shipyards in the world 74
7.2.1 Profiles of main shipyards in the world 74
7.2.2 Technology development of shipbuilding 74
7.3 Development of International Shipping Market 75
7.4 Forecast of international shipbuilding market 77
7.4.1 Analysis of variation of international shipbuilding
market in the past 30 years 77
7.4.2 Current price for new ships 78
7.4.3 Forecast of volume of new ships market in the world 81
7.4.4 Forecast of price of new ships market in the world 84
7.5 Impact of China's economy on the international
shipbuilding market 95
8. Analysis of demand of different type of ship 101
8.1 Analysis and forecast of oil ship market 101
8.1.1 The actuality of oil ship market (the order form
quantities, the proportion between countries, the major
demanding parts, and the prices) 101
8.1.2 Trend analysis of oil ship market 103
8.2 Analysis and forecast of bulk cargo ship market 105
8.2.1 The actuality of bulk cargo ship market (the order
form quantities, the major demanding parts, and the prices)
105
8.2.2 Trend analysis of the bulk cargo ship market 107
8.3 Analysis and forecast of container ship market 108
8.3.1 The actuality of container ship market (the order form
quantities, the major demanding parts, and the prices) 108
8.3.2 Trend analysis of the container ship market 111
8.4 Analysis and forecast of LNG ship market 112
8.4.1 Actuality of LNG ship market (the order form
quantities, the major demanding parts, and the prices) 112
8.4.2 Trend analysis of LNG ship market 112
9. Monthly economic indicators of China's shipbuiding and
floating Devices manufacturing industry in 2006 by province
115
9.1Overall indicators of China's shipbuiding and floating
Devices manufacturing industry(Total number of
enterprises,Total number of loss-making Enterprises
,Accumulative Total Loss of loss-making Enterprises,The
average total number of employees) 117
9.1.1 Total number of enterprises of China's shipbuiding and
floating Devices manufacturing industry 117
9.1.2 Total number of loss-making Enterprises of China's
shipbuiding and floating Devices manufacturing industry 119
9.1.3 Accumulative Total Loss of loss-making Enterprises of
China's shipbuiding and floating Devices manufacturing
industry 120
9.1.4 The average total number of employees of China's
shipbuiding and floating Devices manufacturing industry 122
9.2Revenue, cost, expenditure and profit indicators of
China's shipbuiding and floating Devices manufacturing
industry 124
9.2.1 Sales revenue of product of China's shipbuiding and
floating Devices manufacturing industry 124
9.2.2 Sales cost of product of China's shipbuiding and
floating Devices manufacturing industry 127
9.2.3 Sales expenditure of product of China's shipbuiding
and floating Devices manufacturing industry 130
9.2.4 Accumulative total product sales taxes and Add-ons of
China's shipbuiding and floating Devices manufacturing
industry 133
9.2.5 Accumulative total profit of China's shipbuiding and
floating Devices manufacturing industry 137
9.2.6 Accumulative total Finance charge of China's
shipbuiding and floating Devices manufacturing industry 139
9.2.7 Accumulative total administrative expenses of China's
shipbuiding and floating Devices manufacturing industry 142
9.2.8 Accumulative Total tax of China's shipbuiding and
floating Devices manufacturing industry 145
9.2.9 Ratio of Profits to Cost of China's shipbuiding and
floating Devices manufacturing industry 148
9.3Asset-liability indicators of China's shipbuiding and
floating Devices manufacturing industry 150
9.3.1 Total Assets of China's shipbuiding and floating
Devices manufacturing industry 150
9.3.2 Total Liability of China's shipbuiding and floating
Devices manufacturing industry 154
9.3.3 The average balance of net fixed assets of China's
shipbuiding and floating Devices manufacturing industry 157
9.3.4 Debt to assets ratio of China's shipbuiding and
floating Devices manufacturing industry 160
Figures 163
Tables 164
Explanatory notes on main statistical indicators 169
Figures
Figure 1 Relation of Shipbuilding Enterprises in China 7
Figure 2 Ships completed in China ,1990- 2 006 (10000 DWT)
12
Figure 3 Distribution of the three large shipbuilding base
in Yangtze river delta 42
Figure 4 Global market share change of all kinds of ships of
European shipbuilding industry from 2000 to 2004 68
Figure 5 Structure change of new orders received by European
shipbuilding industry from 2000 to 2004 68
Figure 6 Market shares of Japanese yards on international
shipbuilding market by ship type,2000-2004 71
Figure 7 Variation of structure of orders in hand of new
ship of Japanese yards ,2003-2004 71
Figure 8 Clarkson Shipping index,1998-2006 76
Figure 9 World new ship transaction ,1969£2006 79
Figure 10 Clarkson New Ship index, 1976-2006 80
Figure 11 Completed ship volume for orders in hand of bulk
cargo carriers,2005-2007 83
Figure 12 Price of medium and heavy plate, Apr.2005 to
Dec.,2006 86
Figure 13 Price index of second-hand ships,1990-2006 89
Figure 14 Price index of second hand ships of bulk cargo
carriers and oil tankers ,1995-2006 90
Figure 15 Statistics of orders in hand of world ship
industry,1949-2004 93
Figure 16 Volume of Import of iron ore to China,1990-2004 99
Figure 17 Oil tankers orders distribution, Jan.-Jul.,2005
101
Figure 18 Price variation of five and ten years old second
hand oil tankers , Jan.-Aug.,2005 102
Figure 19 Price variation of new oil tankers ,
Jan.-Jul.,2005 103
Figure 20 Price variation of new bulk cargo carriers ,
Jan.-Jul.,2005 106
Figure 21 Price variation of five and ten years old second
hand bulk cargo carriers , Jan.-Aug.,2005 107
Figure 22 Price variation of new container ship ,
Jan.-Jul.,2005 109
Figure 23 Price variation of five years old second hand
container ship , Jan.-Aug.,2005 109
Figure 24 Fleet of top 10 international container services
companies, Jun.,2005 110
Figure 25 Price variation of three years old second hand LNG
ships , Jan.-Aug.,2005 112
Tables
Table 1. Ships completed of major Shipbuilding enterprises
of China in 2006 (Unit:10,000 DWT) 13
Table 2. New orders received of China's major Shipbuilding
enterprises in 2006 (Unit:10,000DWT) 14
Table 3. Ship orders in hand of China's major Shipbuilding
enterprises in 2006 (Unit:10,000DWT) 15
Table 4. Gross Industrial Output Value of of major
Shipbuilding enterprises in 2006 (Unit:100 million Yuan) 15
Table 5. Sales revenue of major shipbuilding enterprises of
China in 2006(Unit:100million Yuan) 16
Table 6. The list of shipbuiding enterprises with exports
value exceeding 50 million dollars in 2006 in China 17
Table 7. Statistics of value& volume of Exports & Imports in
2006 in China 19
Table 8. Table 8 List of ten type of ship with exports value
exceed one hundred million dollars in 2006 19
Table 9. Value &Volume of Export& Import of Passenger &cargo
ships including Cruise ships, yacht ships, ferry boats,
barges, etc, from Jan to Dec in 2006 21
Table 10. Exports of Shipbuilding in 2004 and 2006 in China
22
Table 11. Ship Output &Exports of Shandong, Jiangsu,
Zhejiang and Fujian provinces in 2006 22
Table 12. Monthly volume and value of import and export of
Passenger vessels, motorized in China in 2006 22
Table 13. Monthly volume and value of import and export of
ships, boats and floating structures in China in 2006 23
Table 14. Monthly volume and value of import and export of
Passenger vessels, not motorized in China in 2006 23
Table 15. Monthly volume and value of import and export of
Refined petroleum tankers, loading capacity ¡Ü100000t in
China in 2006 23
Table 16. Monthly volume and value of import and export of
Refined petroleum tankers, 100000t< loading capacity¡Ü300000t
in China in 2006 24
Table 17. Monthly volume and value of import and export of
Crude petroleum tankers, loading capacity ¡Ü150000t in China
in 2006 24
Table 18. Monthly volume and value of import and export of
Liquified petroleum gas carriers, volume >2000m3 in China in
2006 24
Table 19. Monthly volume and value of import and export of
Other tankers nes in China in 2006 25
Table 20. Monthly volume and value of import and export of
Motor container vessels, loading capacity¡Ü6000 standard
containers in China in 2006 25
Table 21. Monthly volume and value of import and export of
Motor Ro-Ro carriers, loading capacity ¡Ü20000t in China in
2006 25
Table 22. Monthly volume and value of import and export of
Motor bulk carriers, loading capacity ¡Ü150000tin China in
2006 25
Table 23. Monthly volume and value of import and export of
Motor bulk carriers, 150000¡Üloading capacity ¡Ü300000 ton ,in
China in 2006 26
Table 24. Monthly volume and value of import and export of
Multi-purpose motor vessels in China in 2006 26
Table 25. 26
Table 26. Monthly volume and value of import and export of
Other motor vessels nes in China in 2006 26
Table 27. Monthly volume and value of import and export of
Other non-motor vessels nes in China in 2006 27
Table 28. Monthly volume and value of import and export of
Fishing vessels & factory ships, motorized in China in 2006
27
Table 29. Monthly volume and value of import and export of
Fishing vessels & factory ships, not motorized in China in
2006 27
Table 30. Monthly volume and value of import and export of
Sailboats, with or without auxiliary motor in China in 2006
28
Table 31. Monthly volume and value of import and export of
Motorboats, other than outboard motorboats in China in 2006
28
Table 32. Monthly volume and value of import and export of
Rowing boats, canoes, sculls & other pleasure boats nes in
China in 2006 28
Table 33. Monthly volume and value of import and export of
Tugs & pusher craft in China in 2006 29
Table 34. Monthly volume and value of import and export of
Dredgers in China in 2006 29
Table 35. Monthly volume and value of import and export of
Floating or submersible drilling or production platforms in
China in 2006 29
Table 36. Monthly volume and value of import and export of
Floating docks in China in 2006 30
Table 37. Monthly volume and value of import and export of
Vessels with navigability as subsidiary functions, nes in
China in 2006 30
Table 38. Classification of Shipping related Industries 30
Table 39. Distribution of large and medium-sized shipyards
in China 31
Table 40. Total number of enterprises, total number of
loss-making enterprises,total value of industry output , The
average total number of employees of China's metal
shipbuilding industry in 2006 32
Table 41. Total assets , total liability , average value of
current assets, and average value of fixed assets of China's
metal shipbuilding industry in 2006 34
Table 42. Sales revenue of product,Sales cost of
product,Sales expenditure of product of China's metal ship
building industry in 2006 35
Table 43. Total profit, total tax of China's metal
shipbuilding industry in 2006 36
Table 44. Ratio of maintenance and appreciation of assets
value, asset-liability ratio, per capita sales of China's
metal shipbuilding industry in 2006 38
Table 45. 38
Table 46. Number of Times of Turnover of current assets, the
best of the Number of Times of Turnover of current assets,
per capita sales of China's metal shipbuilding industry in
2006 38
Table 47. Globally comparison of domestic content of
ancillary equipments of domestic shipbuilding industry (%)
54
Table 48. Main support policy for shipbuilding industry of
the government since reform and opening-up 66
Table 49. Finance status of top 6 shipyards in South Korea
in Jun,, 2006 (Unit:100 mil. won) 70
Table 50. Analysis of new orders received of
Japan,Korea,China, 2000 to the first half of 2006 (10 000
DWT) 70
Table 51. Statistics of orders and ship completed of top 10
Japanese shipyards in 2004 72
Table 52. List of main manufacturers of bulk cargo carriers
and main ship types 74
Table 53. Analysis of variation of international
shipbuilding market in the past 30 years 77
Table 54. Transaction price of main new ship by type in
2006(Unit:10 000 USD) 79
Table 55. Interests and crude oil price viration,2002- 2006
82
Table 56. Viration of spot rent of petroleum tanker,
Container shipscontainer-vessel, Bulk cargo ship 84
Table 57. Exchange ratio variation 87
Table 58. Investment analysis of oil tankers and bulk cargo
carriers 88
Table 59. Increasement of supply and demand of containers
transportation capacity 92
Table 60. orders in hand of Japan,Korea,China(Unit: 10 000
DWT) 93
Table 61. Performance of main shipyards in South
Korea(Unit£º100 million KWR) 93
Table 62. Shipping market in China,1995-2004 97
Table 63. Import and export of five categories of goods in
China 98
Table 64. petroleum ship orders distribution in the
world(Unit :10000 DWT) 101
Table 65. Top 10 oil tankers buyers in the world 102
Table 66. Viration of rent per day in the first half of
2006(Unit:USD /Day) 104
Table 67. Bulk cargo carriers orders distribution n the
world(10000 DWT) 105
Table 68. Top 10 cargo carriers buyers in the world
(according to DWT of ships¼Æ) 106
Table 69. Variation of orders of container ships in the
world, (10 000 DWT) 108
Table 70. Statistics of order of container ships in the
world, Jan.-Jun 2006(1) 108
Table 71. Statistics of order of container ships iIn the
world, Jan.-Jun 2006(2) 108
Table 72. Top 10 container ship owners in the world
(according to DWT) 110
Table 73. LNG new ship orders distribution n the world
(10000 DWT) 112
Table 74. Classification of industry related to ship
building 115
Table 75. Industry code 115
Table 76. Total number of enterprises of China's
shipbuilding and floating devices manufacturing industry
from Jan to Dec in 2006(Monthly data by province) 117
Table 77. Total number of loss-making Enterprises of China's
shipbuilding and floating devices manufacturing industry
from Jan to Dec in 2006(Monthly data by province) 119
Table 78. Accumulative Total Loss of loss-making Enterprises
of China's shipbuilding and floating devices manufacturing
industry from Jan to Dec in 2006(Monthly data by
province£¬Unit£º1000Yuan) 120
Table 79. The average total number of employees of China's
shipbuilding and floating devices manufacturing industry
from Jan to Dec in 2006(Monthly data by province) 122
Table 80. Sales revenue of product of China's shipbuilding
and floating devices manufacturing industry from Jan to Dec
in 2006(Monthly data by province£¬Unit£º1000 Yuan) 124
Table 81. The growth of Accumulative total Sales revenue of
product of China's shipbuilding and floating devices
manufacturing industry from Jan to Dec in 2006 Copmared with
the same period of last year(Monthly data by
province£¬Unit£º%) 125
Table 82. Sales cost of product of China's shipbuilding and
floating devices manufacturing industry from Jan to Dec in
2006(Monthly data by province£¬Unit£º1000 Yuan) 127
Table 83. The growth of Accumulative total Sales cost of
product of China's shipbuilding and floating devices
manufacturing industry from Jan to Dec in 2006 Copmared with
the same period of last year(Monthly data by
province£¬Unit£º%) 129
Table 84. Sales expenditure of product of China's
shipbuilding and floating devices manufacturing industry
from Jan to Dec in 2006(Monthly data by province£¬Unit£º1000
Yuan) 130
Table 85. The growth of Accumulative total Sales expenditure
of product of China's shipbuilding and floating devices
manufacturing industry from Jan to Dec in 2006 compared with
the same period of last year(Monthly data by
province£¬Unit£º%) 132
Table 86. Accumulative total product sales taxes and Add-ons
of China's shipbuilding and floating devices manufacturing
industry from Jan to Dec in 2006(Monthly data by
province£¬Unit£º1000 Yuan) 133
Table 87. The growth of Accumulative total product sales
taxes and Add-ons of China's shipbuilding and floating
devices manufacturing industry from Jan to Dec in 2006
Copmared with the same period of last year(Monthly data by
province£¬Unit£º%) 135
Table 88. Accumulative total profit of China's shipbuilding
and floating devices manufacturing industry from Jan to Dec
in 2006(Monthly data by province£¬Unit£º1000 Yuan) 137
Table 89. Accumulative total Finance charge of China's
shipbuilding and floating devices manufacturing industry
from Jan to Dec in 2006(Monthly data by province£¬Unit£º1000
Yuan) 139
Table 90. The growth of A Accumulative total Finance charge
of China's shipbuilding and floating devices manufacturing
industry from Jan to Dec in 2006 Copmared with the same
period of last year(Monthly data by province£¬Unit£º%) 140
Table 91. Accumulative total administrative expenses of
China's shipbuilding and floating devices manufacturing
industry from Jan to Dec in 2006(Monthly data by
province£¬Unit£º1000 Yuan) 142
Table 92. The growth of Accumulative total administrative
expenses of China's shipbuilding and floating devices
manufacturing industry from Jan to Dec in 2006 Copmared with
the same period of last year(Monthly data by
province£¬Unit£º%) 143
Table 93. Accumulative Total tax of China's shipbuilding and
floating devices manufacturing industry from Jan to Dec in
2006(Monthly data by province£¬Unit£º1000 Yuan) 145
Table 94. The growth of Accumulative Total tax of China's
shipbuilding and floating devices manufacturing industry
from Jan to Dec in 2006 Copmared with the same period of
last year(Monthly data by province£¬Unit£º%) 147
Table 95. Ratio of Profits to Cost of China's shipbuilding
and floating devices manufacturing industry from Jan to Dec
in 2006(Monthly data by province£¬Unit£º%) 148
Table 96. Total Assets of China's shipbuilding and floating
devices manufacturing industry from Jan to Dec in
2006(Monthly data by province£¬Unit£º1000 Yuan) 150
Table 97. The growth of Total Assets of China's shipbuilding
and floating devices manufacturing industry from Jan to Dec
in 2006 Copmared with the same period of last year(Monthly
data by province£¬Unit£º%) 152
Table 98. Total Liability of China's shipbuilding and
floating devices manufacturing industry from Jan to Dec in
2006(Monthly data by province£¬Unit£º1000 Yuan) 154
Table 99. The growth of Total Liability of China's
shipbuilding and floating devices manufacturing industry
from Jan to Dec in 2006 Copmared with the same period of
last year(Monthly data by province£¬Unit£º%) 155
Table 100. The average balance of net fixed assets of
China's shipbuilding and floating devices manufacturing
industry from Jan to Dec in 2006 (Monthly data by
province£¬Unit£º1000 Yuan) 157
Table 101. The growth of The average balance of net fixed
assets of China's shipbuilding and floating devices
manufacturing industry from Jan to Dec in 2006 Copmared with
the same period of last year(Monthly data by
province£¬Unit£º%) 158
Table 102. Debt to assets ratio of China's shipbuilding and
floating devices manufacturing industry from Jan to Dec in
2006(Monthly data by province,Unit:%) 160
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