China builds ships and sails far away

Core reading

In 2022, the country's shipbuilding completions, new orders and hand-held orders will be 37.86 million DWT, 45.52 million DWT and 105.57 million DWT, respectively, accounting for 47.3%, 55.2% and 49% of the world's total, and the international market share of all indicators will remain the world's first.

Shipbuilding is an important cornerstone of maritime power. At present, the international market share of China's shipbuilding industry has ranked first in the world for 13 consecutive years, with excellent technology, outstanding strength, strong development momentum, showing vigorous vitality.

The length is 399.99 meters, the width of the type is 61.3 meters, the load capacity is 228,000 tons, the deck area is equivalent to 3.5 standard football fields, and the height of the ordinary 22-story house can be reached when fully loaded. A few days ago, the 24188 TEU container ship built by Nantong COSCO Shipping Kawasaki Marine Engineering Co., Ltd. went on trial, and China's super large container ship once again welcomed a new breakthrough.

Ship delivery news is frequent, follow-up orders are continuous, and industrial upgrading is steadily moving forward. In recent years, China's shipbuilding industry has continued to consolidate the competitiveness of the whole industrial chain and continuously enhance its international market position. The "Analysis of the Economic operation of the shipbuilding Industry in 2022" released by the China Shipbuilding Industry Association recently shows that by 2022, China's shipbuilding industry's international market share has ranked first in the world for 13 consecutive years.

Outstanding strength, leading the international market

"Last year, we set a record for the largest single LNG (liquefied natural gas) carrier order in China's shipbuilding history, and we currently have an order book of nearly 50 ships, with production scheduled until 2028." Liu Ying, deputy secretary of the Discipline Inspection Committee of Hudong Zhonghua Shipbuilding Company of China Shipbuilding Group, happily told reporters.

Since the construction and delivery of the first domestically produced large LNG carrier "Dapeng Hao" in 2008, Hudong Zhonghua's technology to build this type of ship has continued to improve. "From following to running and then leading, the construction process has been updated to the fifth generation, and the efficiency can be comparable to the international advanced ship enterprises." Liu Ying said.

Excellent technology and outstanding strength can win the favor of the market. In 2022, seize the opportunity of the rising demand of the global large LNG carrier market, and Chinese shipping enterprises will actively act and take the initiative.

In China State Shipbuilding Group, in addition to the "leading" Hudong Zhonghua, Jiangnan Shipbuilding and Dalian Shipbuilding Industry also successfully completed the first LNG ship order last year, and the group signed a total of 49 large LNG carrier orders in 2022, with a contract value of more than 10 billion US dollars. Global market share of total order volume jumped from less than 7% in 2021 to nearly 30% in 2022.

Not only in the LNG carrier market, in 2022, the majority of shipbuilding enterprises in China will seize the opportunity and actively act to hand over a bright report card

International market share continues to lead. In 2022, the country's shipbuilding completions, new orders and hand-held orders will be 37.86 million DWT, 45.52 million DWT and 105.57 million DWT, accounting for 47.3%, 55.2% and 49% of the world's total, respectively, an increase of 0.1, 1.4 and 1.4 percentage points over 2021.

The value of ship exports kept growing. From January to November 2022, China's ship exports amounted to 23.85 billion US dollars, an increase of 7.9%. Among the export ship products, bulk carriers, oil tankers and container ships still dominated, with a total export value of 12.38 billion US dollars, accounting for 51.9 percent of the total export value.

The main business income and profit of shipping enterprises increased. Through strengthening the plan management of shipbuilding nodes, implementing intelligent transformation of production lines, strengthening cost management and other ways, shipping enterprises vigorously promote cost reduction and efficiency. From January to November 2022, 1,093 shipbuilding industry enterprises above designated size nationwide achieved the main business income of 457.29 billion yuan, an increase of 8%, and the total profit of 13.65 billion yuan, an increase of 70%.

The quality of new ship orders continues to improve. In 2022, China's shipping enterprises will consolidate their leading position in the market of advantageous ship types and consolidate the foundation of new ship orders. Among the 18 major ship types in the world, 12 new orders of China's ship types rank first in the world. Among them, orders for new bulk carriers, container ships, car carriers and crude oil carriers accounted for 74.3%, 56.8%, 88.7% and 66.1% of the global total, respectively.