Shipbuilding industry leading enterprises, through the cycle ushered in the dawn

Comparing the types of ships delivered by CSSC and Hyundai, there are obvious structural differences between them. Take 2021 data for example. From the perspective of delivery order quantity, CSSC delivered bulk carriers, oil tankers and container ships in relatively balanced quantities, of which oil tankers were slightly less, in addition to a small number of LNG/LPG ships and a considerable number of other ship types. Among the three ship types of Korea Hyundai, oil tankers occupied a major position. There are nearly a third of LNG/LPG vessels, and almost none of the other ship types. Combined with the delivery order load, CSSC delivered bulk carriers with higher load, but the average container ship load is slightly lower than that of South Korea Hyundai.

Overall, the current global shipbuilding industry shows that China, Japan and South Korea are concentrated in the lead, especially in China and South Korea as the most competitive situation. Compared with China and South Korea, China has developed rapidly in recent years, and has certain advantages in bulk carriers, while South Korea has traditional advantages in tankers, LNG, LPG and other liquid cargo ships, and the added value of ships is still ahead of China.

(2) Chinese ships dominate, and five subsidiaries work together to develop

The company headquarters has 5 holding subsidiaries, namely: Jiangnan Shipbuilding, Waigaoqiao Shipbuilding, CSSC Chengxi, Guangzhou Shipbuilding International, CSSC Power Group; It has two shareholding subsidiaries, namely: Huangpu Wenchong and Chengxi Yangzhou.