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Qingdao Dongjiakou Shipping Co., Ltd

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Company news

    China's shipbuilding industry raises the tide of M & A

    Source:未知 Editor:admin Hits:Pub. Date:2020-01-18 10:51【Big Medium Small

     

    According to the information from China Shipbuilding Industry Association, in the first half of the year, due to the downturn of shipping market and the influence of shipowners' operating losses, shipowners' willingness to take over the ship on schedule was not strong, and there were more and more requirements for changing the design, changing the contract period, strict inspection and adjusting the ship price, which made the ship delivery before the financial crisis into a particularly difficult period. According to the analysis of the original contract delivery period, about 30% of the ships were The order owner fails to receive the ship on time, many enterprises have difficulties in completing the ship docking.
     
     
     
    From January to June, the total industrial output value, export delivery value, main business income and total profit of the ship industry enterprises above Designated Size continued to increase by more than 20% over the same period of last year. This is mainly due to the unprecedented prosperity of the ship market before the financial crisis. China's ship industry seized the opportunity to undertake a large number of orders with high prices, and its delivery period continued to 2011-2012. The construction of these ships supported the high growth of economic indicators in the first half of this year. However, with the construction of low-cost vessels started in succession after the financial crisis, the growth rate of indicators reflecting production and efficiency has declined significantly compared with the same period last year.
     
     
     
    Due to the continuous impact of the financial crisis, many small and medium-sized enterprises began to face business difficulties, which provided a good opportunity for acquisition and merger for the powerful shipbuilding enterprises. In the first half of the year, Jiangnan Shipbuilding and Changxing heavy industry successfully integrated and optimized the asset structure and business process; Yangzijiang shipbuilding wholly acquired Jiangsu Zhongzhou Marine Engineering Co., Ltd. and 40% equity of Jiangsu Xinfu shipyard; Zhejiang Ouhua wholly acquired Dexing shipyard; AVIC technology acquired 70% equity of Shandong Weihai shipyard; CIMC Group acquired 51% equity of Jinglu shipyard.
     
     
     
    In the first half of the year, about half of the enterprises within the scope of statistics did not receive orders, and 10 of the 43 ship enterprises under key monitoring did not receive orders. As the completion of shipbuilding has exceeded the new orders received in the same period for six consecutive months, the number of orders for hand-held ships continues to fall. The lack of orders will make some enterprises fall into the dilemma of insufficient construction tasks in the first half of next year. Some enterprises even have no ships to start construction in the fourth quarter of this year.
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