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China shipping industry or in reforming tide

Date:2016-03-10 Hits:
On January 5, Shanghai shipping exchange's trading shipping gazette published "2015 China port ship enterprise market value".According to the list, as of December 24, 2015, 74 Hong Kong ship listed enterprises in domestic market value for a total of 1.53 trillion yuan.


Ship Marine situation is relatively serious, there have been several news from bankruptcy reorganization of the enterprise of the ship.And on January 5, BDI (the Baltic dry index) collapse type to hit a record low, at 468 points, down 1.06% on the previous day.The personage inside course of study points out, the number of bankruptcies will surge in 2016.


Shanghai international shipping center. 5, according to a report released in 2016, the shipping threat of bankruptcy reorganization will, in the first quarter of China's shipping companies operating pressure continues to increase, the dry bulk shipping enterprises or will fuse into bankruptcy wave.

State-owned enterprises performance into industry


In the latest list of the biggest port of ship listed enterprises in China still for China's heavy industry (0.86%) of the same at the top of the list (2014), the total market value of 177.006 billion yuan.In 2014 was ranked no. 2 on the port group [1.66%] with 154.568 billion yuan of total market value is still ranked second.In addition, the ningbo port [0.00%] replaced cosl [3.26%], by 2014, ranked fifth among the market value of the top three, the total value of 104.448 billion yuan.At the top of the list on China's heavy industry, port group, the total value of the ningbo port, are more than one hundred billion yuan.


List, according to three respectively after China ocean [3.97%] (total market capitalization of $92.62 billion), [2.83%], hong (the total market value of 76.236 billion yuan), cosl (total market value of 58.403 billion yuan).Number 7 ~ 10 listed companies are: China merchants international [0.80%], value 54.168 billion yuan, 48.455 billion yuan of Chinese shipping [0.47%], the market value of 45.597 billion yuan of cimc group [2.42%], value 41.119 billion yuan cnooc engineering [3.14%].


In view of the interpretation of the list, shipping trade gazette, points out that in 2015, large state-owned enterprises performance, become the vane, the overall market value changed little.In the maritime industry to rise to the national strategy, old and new ship dismantling subsidies, "area" strategic support, shipping companies by spinning off non-core assets associated authors alliance cooperation, m&a, increase efficiency, accelerate the transformation and upgrading, and shipping state benefit from economies of scale advantages, there are still more outstanding performance in the capital markets.In 2015, according to data of the top 10 shipping listed companies a total market value of 354.134 billion yuan, 245.166 billion yuan from 2014 jumped 44.45%.


Throughout the year, shipping companies big events including cosco and China shipping the integration between the two groups.On December 25, 2015, China shipping group and cosco group released assets restructuring of listed companies.On December 30, 2015, sinotrans changhang group owned by sinotrans development [2.38%], sinotrans [1.96%], sinotrans shipping [2.60%] announcement, sinotrans changhang group company actual controller will be integrated into China merchants group, as its wholly owned subsidiary.


In the industry point of view, since the global financial crisis in 2008, the shipping industry has experienced years of winter, there is still no signs of recovery, the entire industry loss is serious, it is imperative to integrate the domestic shipping state restructuring.


Shipbuilding industry or speed up to production


Relative shipping industry, port enterprise performance is relatively stable.2015 of the top 10 ports listed companies a total market value of 466.944 billion yuan, from 423.868 billion yuan in 2014 increased by 10.16%.Problem outstanding part of Marine engineering part of the ship.


"New stagflation ship price, delivery and financing problems that enterprise economic efficiency decline, shipping industry faces the situation is still grim."International maritime convention China sheng-kun zhang, chairman of the organizing committee had previously told reporters that the first 10 months of last year, the country to undertake new ship orders fell 62.1% year on year;By the end of October, carrying ship orders fell 14% year-on-year.


Since 2015, the ship offshore enterprise bankruptcy reorganization news continuously.In recently, the zhejiang province shipping group to zhoushan intermediate people's court to the subsidiary wuzhou bankruptcy and liquidation of the vessel, wuzhou ships become the first failure of state-owned shipyard in shipbuilding in the cold.In 2015, jiangsu and zhejiang provinces is the east, with shipbuilding heavy industry, judger ship industry, mingde four ship companies go bankrupt, mingde was placed on taobao sale.


Shipping trade gazette, points out that in the ship offshore sector, private ship enterprise performance more worrying, in the latest list of the sainty ship [0.00%] because the biggest debtor mingde bankruptcy, capital chain rupture, multiple bank accounts were frozen, and alleged irregularities, by ST face the danger of delisting, its by 48 fell to 58th;Rongsheng heavy industries stripping shipbuilding assets, changed its name to "China China [0.00%] glory energy co., LTD." (warom energy), the transformation of energy companies, ranked by 2014 in the decline of the 45th to 61th.


Shanghai international shipping centre for the study of domestic shipping research director de-quan zhou told reporters that although the shipbuilding industry has many positive policy support, but its only a downstream industry - by sea."Long-term downturn in shipping industry, shipbuilding industry will not be good, is currently only frequently appear problem, because in the past many rely on state subsidies."


It is important to note that since June 2015, the boom of industry of BDI start accelerating, from the beginning of 589, as of August 5, 2015, BDI index rose to 1222 points, become a periodic high.But after that BDI, the enter the decline phase, January 5, 2016, another record low to 468.


According to the China shipping, according to a survey by more than sixty percent enterprises think BDI in 2016 will be lower than 800, 2016, the bulk of the downstream demand will further decline, decline in demand growth, or there will be a certain degree of shipping.For upstream of the shipping industry, it is also a bad news, of course.The personage inside course of study thinks, China shipbuilding industry overcapacity, the shipbuilding industry bankruptcies will usher in a peak in 2016, the first private shipyards.

 
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