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Three major contradictions brought about by the financial crisis

Three major contradictions brought about by the financial crisis

  • Categories:Industry News
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  • Time of issue:2013-10-26
  • Views:1

(Summary description)The shipbuilding industry is an important part of China's national economic industrial system, and has a strong leading role in China's national economy. In 2008, the national shipbuilding industry above designated size completed the main business income of 300 billion yuan, an increase of 56.4% year-on-year; the total profit reached 28.34 billion yuan, an increase of 50.5% year-on-year.

Three major contradictions brought about by the financial crisis

(Summary description)The shipbuilding industry is an important part of China's national economic industrial system, and has a strong leading role in China's national economy. In 2008, the national shipbuilding industry above designated size completed the main business income of 300 billion yuan, an increase of 56.4% year-on-year; the total profit reached 28.34 billion yuan, an increase of 50.5% year-on-year.

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2013-10-26
  • Views:1
Information

The shipbuilding industry is an important part of China's national economic industrial system, and has a strong leading role in China's national economy. In 2008, the national shipbuilding industry above designated size completed the main business income of 300 billion yuan, an increase of 56.4% year-on-year; the total profit reached 28.34 billion yuan, an increase of 50.5% year-on-year. Shipping companies are mainly concentrated in two major groups (China Shipbuilding Industry Corporation and China Shipbuilding Industry Corporation) and Jiangsu, Zhejiang, Liaoning, Fujian and Shandong provinces. 60% of the large shipyards with a capacity of over 100,000 tons are concentrated in the two major groups, and the main scientific research and technical forces are also concentrated in the two major groups.

From the perspective of the international market, Japan and South Korea are still our main competitors. Since the beginning of the new century, China's shipbuilding enterprises have actively promoted the modern shipbuilding model and refined management system, and their scientific research capabilities and competitiveness have been greatly improved. In 2008, China ’s shipbuilding completions accounted for 29.5% of the world ’s total, new ship orders accounted for 37.7% of the world ’s total, and hand-held ship orders accounted for 35.5% of the world. All three major indicators exceeded Japan, ranking second in the world.

The crisis brings opportunities for structural adjustment of the three major contradictions

The current international financial crisis has brought the following three major contradictions to the shipping industry:

First, orders for new undertakings have fallen sharply. Since September last year, the number of new orders received by China's shipbuilding industry has fallen sharply. In the fourth quarter, orders received were only over 900,000 tons, a year-on-year decline of more than 90%. The transaction volume is basically at a standstill.

Second, the risk of canceling orders, abandoning ships and delaying delivery is increased. As of the end of 2008, China's shipbuilding industry had about 200 million tons of orders on hand, of which bulk carriers exceeded 60%, while the global bulk carrier Baltic shipping index fell by more than 90% at the highest point. Ships and cancellations have also appeared one after another. If the international market continues to slump, it is expected that the cancellation and abandonment of ships in 2010 will increase significantly.

Thirdly, it is more difficult for the shipping industry to raise funds. The Northern Bank of Germany, the largest ship financing bank in the world, plans to cut its container ship fund by half. Many financial institutions have listed shipping companies and shipping companies as high-risk industries, and financing difficulty and costs have increased significantly. Some local shipbuilding enterprises in China have very tight working capital, and even face the threat of broken capital chains.

Judging from the development experience of the shipbuilding industry since the reform and opening up, China's shipbuilding industry needs to be adjusted every six to eight years. After experiencing high-speed growth in previous years, China's shipbuilding industry has also accumulated many contradictions. At present, the development of China's shipbuilding industry is still extensive. In the past three years, China's shipbuilding capacity has grown rapidly, and the phenomenon of low level and repeated construction is serious. The capacity of shipbuilding facilities above 50,000 tons exceeds 60 million tons, while in 2003 it was only 800 More than 60 thousand tons of bulk carriers in hand-held orders. In addition, there are still problems with low technical content and severe overcapacity; the industry is very unevenly developed, the development of marine supporting equipment is lagging significantly; the capacity of marine engineering equipment is weak, and the capacity for independent innovation is not strong.

Also contains new opportunities in the current structural adjustment of the shipbuilding industry. First, the trend of the global shipbuilding center of gravity shifting to China has not changed. China ’s shipbuilding industry ’s strong raw material supporting capabilities, abundant labor resources, complete manufacturing system, superior natural conditions and other competitive advantages have not changed. The basic development of China ’s shipbuilding industry The face has not changed. The second is the adjustment of the domestic shipping industry, which will promote the reshuffling of the industry, help eliminate outdated enterprises, squeeze out the industry bubble, help alleviate the situation of resource shortages and talent shortages, help large companies and large groups achieve new development, and further Enhance comprehensive strength. The third is the drop in prices of commodities such as energy and steel, which is conducive to reducing investment and construction and operating costs, and helps increase profitability.

Speed ​​up technological transformation and eliminate backward production capacity

We have seen that the ten industry adjustment and revitalization plans reviewed and approved by the State Council all propose to control the total volume, optimize the layout, eliminate backwardness, and improve the technical level. Specifically, which weak links and fields should the shipbuilding industry break through? It should be recognized that China ’s ships The industry's shipbuilding capacity is surplus, but at the same time, it is necessary to see that the product structure is very uneven and the overall level is not high. The current surplus is mainly low-level shipbuilding infrastructure. Even if the world shipping and shipbuilding market returns to normal levels, China's shipbuilding industry has a third One or so has excess capacity. The revitalization plan introduced this time has practical guiding significance for breaking through key technologies in marine engineering equipment and ship equipment.

Currently, first, China's offshore engineering equipment design and construction capabilities are generally weak. Only Dalian Shipbuilding Heavy Industry has a full range of products in semi-submersible deepwater drilling platforms, jack-up drilling platforms and various operating platforms and modules, floating production and storage vessels, offshore auxiliary ships, etc., and has formed a certain international Brand advantage, several other companies have only sporadically entered individual product areas. China's offshore engineering equipment occupies less than 5% of the international market, especially in the field of high-end offshore engineering equipment construction. The major supporting equipment depends on the introduction.

Second, the ship's supporting capabilities and level cannot meet the needs. The loading rate of localized equipment of shipbuilding powers such as Japan and South Korea exceeds 80%, while China ’s marine medium and low speed diesel engines, auxiliary engines, power generation equipment, crankshafts and other supporting equipment have achieved localized production, but the capacity gap is still expanding. Supporting equipment such as automated navigation, instruments and meters are still basically blank, and the loading rate of localized equipment is less than 50%.

Third, independent innovation ability is not strong. China's major ship supporting equipment patents also need to be imported from abroad, offshore engineering equipment design and general contracting have just broken through, and some high-tech ships still need foreign design.

To sum up, we suggest that government departments should maintain pressure and take targeted support measures: First, strictly control general capacity expansion, focus on supporting the comprehensive capabilities of large enterprise groups, and further improve the overall quality and competitiveness of China's shipbuilding industry The second is to increase the financial support for technical transformation of marine engineering, especially high-end marine engineering products and ship supporting products that are still lagging in capacity and level; third is to increase research and development of marine engineering, key ship supporting products and high-tech ships. Design funds are invested, and special funds are set up to support the introduction and acquisition of R & D and design institutions by large enterprise groups; fourth, to support qualified shipping companies, especially the financing efforts of the two major shipping groups in the capital market. Source: China Electronics News China Shipbuilding Industry Corporation Guo Tongjun

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