New shipbuilding market winter to spring future?

Global new shipbuilding market recovery significantly, according to statistics, the first three quarters of 2017, the world total turnover of 47.87 million DWT, 15.93 million CGT, respectively, over the same period last year increased by 87%, 63%. According to the CSICERC comprehensive data source, as of September the global ship turnover has reached 512 million DWT, far more than our 2017 judgment 42 million DWT, is expected to 2017 annual turnover is expected to reach 68 million DWT. Large container ships (shipyard shipments), ore ship (shipyard shipments), VLCC orders and a series of orders make the ship again active.

But the shipbuilding overcapacity, lower hand-held orders so that the shipyard in the game with the owner is still in the absolute disadvantage, the new ship price despite the dollar-denominated rebound, but the appreciation of the renminbi also makes the ship's actual income did not significantly increase, The rigidity of steel costs has led to a significant increase in the cost of shipyards, which has brought great challenges to ship owners.

China's foreign trade grew by 21.5%, 17.5% and 11.9% respectively in the first, second and third quarters of this year, and the growth rate continued to decline year on year. Real economy and other traditional economies boosted China's economic growth. The model is difficult to sustain in the future, corporate debt leverage is also high as the sword of Damocles.

Winter to spring the future, this time the increase in orders is still the global shipbuilding bear market 2.0 case of small rebound, the shipyard need a clear understanding of the current situation, to seize the rare market opportunities for market orders.