Overview of China's shipbuilding industry in 2021

From the perspective of the overall operation of the shipbuilding industry, according to the statistics of the "China Shipbuilding Industry Yearbook 2020" in 2019, the shipbuilding completion volume, new orders and hand-held orders in East China, Northeast China and South China occupy a considerable share of the country, among which Jiangsu Province, Shanghai, Liaoning Province, Zhejiang Province and Guangdong Province account for a relatively large number.

2, enterprise competition: the market concentration of the top ten enterprises continues to increase

In recent years, the market concentration of China's shipbuilding industry continues to increase. In 2020, the top 10 enterprises in shipbuilding completion volume accounted for 70.6% of the national total, the top 10 enterprises in new ship orders accounted for 74.2% of the national total, and the top 10 enterprises in hand-held ship orders accounted for 68% of the national total, and the trend of concentration of new orders to advantageous enterprises was obvious.

In 2020, the competitiveness of China's leading shipbuilding enterprises has been further improved, with 5, 6 and 6 enterprises entering the top 10 in the world in terms of shipbuilding completion volume, new orders received and hand-held orders, and China's shipbuilding completion volume and hand-held orders in the world's top 10 increased by 1 and 2 compared with 2019, respectively.

Among the 11 listed enterprises in the shipbuilding industry, 8 representative enterprises are selected and their business layout is sorted out as follows.

Industry development prospect forecast

Looking ahead, many countries around the world have started to vaccinate, the novel coronavirus epidemic will be gradually controlled, and the world economy and trade are expected to slowly return to normal. With the recovery of the international shipping industry and the oil and gas industry, shipowners' investment confidence has been boosted, and pent-up market demand may be released.

However, due to environmental protection policies, alternative fuels and other reasons, the future development of the Marine market is still more uncertain. Based on the development of the global shipbuilding industry, the age of each ship type, the wait-and-see attitude of shipowners towards LNG powered ships with disadvantages, and the historical data of the three major indicators of shipbuilding in China, the prospective analysis believes that the completion of shipbuilding in China is expected to reach 39 million DWT in 2021, and the number of new orders is expected to increase to 55 million DWT. As a result, hand-held orders will further increase to 87.11 million deadweight tons;

In 2021-2026, China's shipbuilding manufacturing capacity is expected to be basically the same as that in 2020, the volume of new orders fluctuates, the volume of shipbuilding completed will be flexibly adjusted according to the volume of new orders received, and the hand-held order volume is calculated according to the annual volume of new orders received and the volume of shipbuilding completed. It is expected that in 2026, the absolutely environmentally friendly alternative fuel power technology still cannot be applied in ships. New orders will fall to 28 million DWT.