According to reports from relevant media, Chinese shipyards were dominant in the global new alternative fuel ship market in April this year.
Market research institution Clarkson statistics show that Chinese shipyards received a total of 34 ships, 2.48 million CGT (corrected gross tonnage), new alternative fuel ship orders in April, with a global market share of nearly 83% (calculated by CGT), far ahead of shipyards in other countries.
In contrast, South Korean shipyards took only 9 ships and 0.46 million CGT of new alternative fuel ship orders in April, with a market share of approximately 15%.
Founder Securities' research report pointed out that the demand for ship types is expected to rotate, and the prosperity of the shipbuilding market is hopeful. Looking forward to the future, in the context of the global manufacturing industry's recovery, with the continuous diffusion of the impact of the Palestine-Israel conflict and the Red Sea incident, the global shipping demand gap will continue to exist.
Bulk carriers: Commodity demand provides support, and the gap for dual-fuel replacement is large; container ships: Red Sea disturbances push freight rates higher, and there is strong demand for renewal of small and medium-sized container ships; tankers: Positive trade expectations and a large demand gap for crude oil tanker renewals; gas carriers: Dual-fuel demand traction, and gas carriers are developing in multiple directions. Currently, China's three major shipbuilding indicators are all ranked first in the world. Compared with shipbuilding companies in Japan and South Korea, Chinese ship enterprises have multiple advantages and are expected to seize opportunities to move towards green high-end and create new brilliance.
Related companies in the shipbuilding industry:
CSSC Offshore & Marine Engineering (00317): CSSC Offshore & Marine Engineering has two shipyards under it, Huangpu Wenchong and Guangzhou Shipyard International. It holds Huangpu Wenchong and other companies such as Huang Ship Heavy Industry and Wenship Heavy Industry through its holding of Huangpu Wenchong, and has a stake in Guangzhou Shipyard International. The holding subsidiary (54.54% shareholding ratio) CSSC Huangpu Wenchong lost 345 million yuan in 2023. The group holds order contracts with a total value of approximately 55.76 billion yuan, including a total value of approximately 53.73 billion yuan for shipbuilding orders in hand, including 1.87 million deadweight tons for 110 ships and other products.