Intelligence into the future market competition the main elements of new ship orders growth

I. Basic overview of the industry

boats and ships is a general term for all kinds of ships. A ship is a means of transportation that can sail or berth in the water area for transportation or operation, and has different technical performance, equipment and structure types according to different use requirements.

According to the "China Ship Market Development In-depth research and Investment strategy Forecast Report (2023-2030)" released by the Guanyan Report network, ships are man-made vehicles that mainly operate in geographic water. In addition, civilian ships are generally called ships, military ships are called ships, and small ships are called boats or boats, which are collectively called ships or boats. The interior mainly consists of the housing space, support structure and drainage structure, with the use of external or internal energy propulsion system. The appearance is generally conducive to overcoming the fluid resistance of the flow linear envelope, materials with the progress of science and technology constantly updated, early for wood, bamboo, hemp and other natural materials, modern is mostly steel and aluminum, glass fiber, acrylic and various composite materials.

Second, industry development status

1. Market size

At present, the scale of China's shipbuilding industry continues to grow, and the three major indicators of China's shipbuilding completion, new orders and hand-held orders remain the world's leading. The capacity structure adjustment of China's shipbuilding industry has achieved results, and the shipbuilding industry is constantly expanding its industrial scale. With the trend of recovery of the international ship market, the industrial concentration of China's ship industry has maintained a high level, and the backbone ship repair enterprises have accelerated the development of high-end green products, green processes, and decarbonization technologies, and accelerated the practical application of information, digitalization and artificial intelligence technologies.

Affected by the Russia-Ukraine conflict and associated sanctions, regional trade growth and other geopolitical and macro environment changes, the world shipping market is also undergoing structural changes, for the use of Europe (Black Sea/Mediterranean Sea and other routes) and Russian ports more used Suez, Afra and other ship types hot demand; More flexible small and medium-sized container ships, refined oil tanker/chemical tanker and other ship types are also relatively considerable. The average age of the above ship type fleet is about 12 years, which is significantly higher than the large ships of similar ships. In the future, with the arrival of more capacity demand transformation and environmental protection replacement superposition, it will inject greater impetus into the new shipbuilding market. In 2022, the market size of China's shipping industry will be 344.356 billion yuan.

Analysis of current industry development characteristics:

(1) The transfer trend of the world shipbuilding industry

Due to the deep bottom of the long cycle of the shipping industry, combined with the global economic downturn and the impact of the new coronavirus epidemic, the three major indicators of the global shipbuilding industry are generally downward. Bulk carrier, container ship and oil tanker three major new ship trading volume differentiation trend is obvious, taking bulk carrier as an example of conventional ship market demand is weak, the internal product demand structure of the ship industry has changed.

The global mainstream ship structure has gradually developed from the traditional three major ship types of bulk carriers, container ships and oil tankers to the five major ship types of bulk carriers, container ships, oil tankers, LNG carriers and passenger ships (including luxury cruise ships). LNG carriers and passenger ships (including luxury cruise ships), as the main representatives of high ship types, have continued to rise in the global ship market demand in recent years, and the proportion of new ship orders in the total order has further increased.

With the adjustment of the global ship type demand structure, China, Japan and South Korea are different in terms of ship type structure, focusing on South Korea taking the lead in effectively responding to market demand, focusing on high-end ship types, with orders mainly concentrated on LNG carriers, oil tankers and container ships, and having absolute competition in the large high-end ship type market, China and Japan have more new ship orders concentrated on ship types. Oil tanker, bulk carrier as the main ship type demand to further stimulate the ship industry competition. The competition pattern of the global shipbuilding industry has caused deep adjustment in the internal and external environment changes, and the competition needs to transfer core strength such as scale, low labor force, manufacturing, innovative technology, and optimized management.

From the demand side, the product structure has changed significantly, the high-tech ship type, energy saving and environmental protection ship type demand is relatively strong with the further adjustment of global shipping capacity, the future high-tech ship type will become the mainstream ship type competition factors in the global market, resulting in China's shipbuilding industry low-cost manufacturing and other traditional advantages gradually weakened. High ship type manufacturing and complete industrial chain have also become an important direction for the transformation and upgrading of shipping enterprises in various countries under the new competitive environment.