Statistics from the Ministry of Industry & Information Technology show that China’s ship industry has not walked out of the bottom of the trough as yet. However, with other shipyards internationally closing down, it is not doing that badly.
China completed RMB300.6 billion of gross industrial output value in January to July which was up year by year by 33.7%.
The China ship industry totally shipped out RMB140.3 billion of ships abroad, but the growth fell 2.4 percentage points from January to June.
An expert of the China Association of National Ship Industry said, although the number new ship orders improved in June and July, the industry was still far from being back to normal.
Gao Xiaochun, senior analyst of China Securities, agreed. The highlight in the July orders could mainly be attributed to 30 bulk ship orders from the HNA Group of 4.14 million DWT. This mean that HNA Group bought in 50% of Zhejiang Jinhaiwan Shipyard ship orders.
Steelguru reported Bao Zhangjing, chief analyst of the China Ship Industrial Economic Research Center pointed out that “In the global market, new ship prices continue a slight decline at present, which indicates the ship industry has not yet stabilized.”