Crisis and opportunity under the epidemic

The epidemic has had a considerable impact on my country's shipbuilding industry, but dangers and opportunities coexist. The impact of the epidemic itself is a kind of capacity clearing for the industry, which gives the shipbuilding industry an opportunity to integrate and enhance its competitiveness.

The sharp drop in international oil prices, the drop in shipping costs, and the surge in demand for crude oil imports in various countries will result in a surge in transportation demand. While oil prices and shipbuilding prices are both low, shipbuilding orders will increase.

It is reported that from January 21 to February 6, China Shipbuilding Chengxi Shipbuilding Co., Ltd. has completed 15 ships one after another. On March 10, the world's largest sawdust ship was launched at CSSC Chengxi. On February 18, a JU2000E offshore jack-up drilling platform built by Shanghai Waigaoqiao Shipbuilding Co., Ltd. was delivered and left the factory; on March 7, an offshore floating production and storage vessel (FPSO) at Waigaoqiao Shipbuilding's large cruise shipyard , A 210,000-ton Newcastle-type bulk carrier lifted off two huge sections at the same time.

On February 28, Waigaoqiao Shipbuilding and the Singapore shipowner signed a contract for two 158,000-ton Suez-type oil tankers. This is the second time in the short term after the two parties signed the world’s first 210,000-ton dual-fuel bulk carrier project in December 2019. New order signed.

In addition, Hudong Heavy Machinery Co., Ltd. has recently successfully received two shield orders, signed a contract for 5+3 low-speed diesel engines, and obtained the first batch of 6G70ME-C10.5-Gl-HPSCR dual-fuel low-speed engines.

The frequent reports of these performance deliveries and newly signed orders indicate that the rebound of the shipping market is an inevitable trend.