[Focus] the revitalization of the shipbuilding industry: shipbuilding enterprises to support the listing and issuance of bonds

Ministry of Industry and Information published on the 4th, "the restructuring and revitalization of the shipbuilding industry planning the implementation of rules" put forward, and strive to ship in 2011 production reached 50 million tons; credit facility to increase production and operation support for eligible companies listed on the ship and issue bonds, speed up the establishment of ship investment funds industry.

In addition, the state will be developed to encourage enterprises to merger and reorganization introduced policies and measures taken to inject capital, credit and other financing to support the implementation of large-scale shipbuilding enterprises mergers and acquisitions group, to support the backbone of the ship to other ships enterprise mergers and acquisitions business. Encourage financial institutions to increase in export buyer's credit to ship the money to help large groups of ships and other key export shipbuilding enterprise stability of the existing ship orders.

In order to strictly control new capacity, the next three years for approval to suspend the existing shipbuilding enterprise dock, berth expansion project.

According to the plan objectives, in 2011 the completion of China's shipbuilding accounts for the completion of the world's shipbuilding capacity of more than 35%, high-tech high value-added ships to reach 20% market share, marine engineering equipment to reach 10% market share. At the same time, a number of specialized marine engineering and equipment manufacturing base begun to take shape, a group of marine equipment manufacturing enterprises to grow, Bohai Bay, Yangtze Delta and Pearl River Estuary as a world-class shipbuilding base. (Reporter Wang Ting Lu Zhoudao)

Insurance settlement and development of marine vessels and equipment into a bright spot

Industry pointed out that the "ship to pay Paul" and "the development of marine engineering equipment" is planning to revitalize the shipbuilding industry the implementation details of the two bright spots, will help alleviate the current pressing domestic shipbuilding enterprises. A stock market in particular on the two major shipbuilding market leading China Shipbuilding and Guangzhou Shipyard International is concerned to ensure the delivery of orders is equivalent to guarantee its performance in 2009, so that stock prices have a stronger resilience capacity.

"The cross-ship" is a top priority Shipyard

Support in planning measures, the former three were "credit facility to increase production and management support", "increase in export buyer's credit to put in the ship" and "the backbone of the shipping companies to encourage the purchase of domestic exports to abandon ship" and so on. People in the industry view, the purpose of these three measures are directed at "to ensure normal delivery of existing orders."

China Shipbuilding Industry Association's statistics show that in January-April this year, the focus of monitoring domestic enterprises amounted to ship orders the cancellation of 1,150,000 dwt 28, than the 1-3 month 12 250,000 dwt, "protect the cross-ship" the task of increasingly serious.

Changjiang Securities Huang pointed out that the three "cross-ship security" measures, "the backbone of the shipping companies to encourage the purchase of domestic exports of ships to abandon the" very meaning of a breakthrough. Before the industry pointed out that the global shipbuilding industry, the future needs of the most potential for growth is the Chinese market. If the domestic shipping giant will now abandon the actual capacity into the future, the purchasing power of the new ship will be weakened. Therefore, it is actually the future of China's demand for early release of the ship, in the long run the industry no good at all.

However, Huang stressed that not only is China's shipyards, the shipbuilding companies globally are faced with a tight cash flow, as well as the risk of abandonment, industry consolidation is inevitable and cards. If the "rules" a breakthrough in a number of measures to help domestic shipyards weathered the crisis, the next round of economic cycle, the advent of the shipbuilding industry, China will have a global competitive shipbuilding enterprise.

In the near term, the high cost of raw materials inventory depletion on the shipbuilding industry is a big positive. China Shipping (600,150) as an example, prior to its purchase price SHIP 7,000 yuan / ton about this part of SHIP to the basic run out in May this year. At present, the Shanghai market prices SHIP 3600 yuan / tons, high point of nearly 50 percent callback. Shipbuilding steel costs account for 30% of the cost, once the cost of raw materials under control, shipbuilding enterprises Second quarter gross margin is expected to rebound relatively large ring.

Xu Lemin BOCI analyst believes that the revitalization of planning is expected to help stabilize the ship owners, shipyards and stability of the single has been signed. Especially for China Shipbuilding and Guangzhou Shipyard International is concerned, the two companies before the 2010 hand-held orders for basic saturated, if a smooth cross-ships, to ensure that this year's performance alone.

Marine equipment, the most incremental effect

China Shipbuilding Industry Research Center for Economic Research, LIANG Zhi-yong, senior analyst believes that the global financial crisis on the shipping, shipbuilding, machine building, ship repair, the impact of non-boat was followed by reduced. For shipbuilding enterprises, the vulnerable environment in the shipbuilding business is only love, "a flower" is usually huge market risks. Shipbuilding enterprise in South Korea, in addition to modern and contemporary Mipo Samho Heavy Industries, the main shipbuilding enterprises proportion of non-shipbuilding business in general remain at 35% -55% level.

Hyundai Heavy Industries in South Korea for example, its six months in the field of shipbuilding has not recorded a new single, the other business sectors in the level of orders picked up from month to month. This year, the company's marine engineering equipment, engine mechanical, electrical and electronic machinery, such as business and engineering departments are in the process, "warmer" and is expected to continue to maintain a sustained rebound in the future trend of the company's annual results will have a positive effect.

China Securities Journal reporters learn that at present in China, China Shipbuilding Industry Group, China Shipbuilding Heavy Industry Group, the two central rate of marine engineering equipment accounted for the lion's share of the market. Group two Waigaoqiao Shanghai, Qingdao and Dalian Bay Hercynian Heavy manufacturing base, the construction of a 100,000 ton FPSO and 3000 meters water depth semi-submersible drilling platform, such as represented by high-end products. In addition, the original good in the Zhenhua Port Machinery HAECO in early May this year, also officially changed its name to zhenhua Heavy Industries (600,320), reflecting into the field of marine equipment is determined.

Industry pointed out that once the future of economic recovery, then oil prices rose to around 80 U.S. dollars, the early distribution of marine equipment market listed companies and related companies, earnings are expected to receive a lot of money. (Reporter Lu Zhoudao)

Global ship orders in May "zero" turnover

While the Baltic Dry Freight Index (BDI) for 4100 points on the surge point, the global ship orders is still nowhere to be dropped or the point: the world in May of a vessel does not contract. June 3, was informed that the reporter had an exclusive, as of now, the international advisory body to the authority of the British shipbuilding industry克拉克松research firm (Clarkson) statistics show the global ship orders in May to zero, a record since at least the minimum level of 7.