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Mobile WebSiteAccording to Korean media reports, SK Securities on September 4 issued a report entitled "Global value chain changes on the shipbuilding industry," the study. In a 52-page study, analysts at SK Securities pointed out that global shipments in international countries, including China, showed a significant downward trend, which would result in a reduction in ship orders. The shipbuilding industry is in an extremely dangerous state.
The report by SK Securities underscores the fact that the fact that Chinese shipping companies have received orders from the ultra-large container ships in the state of France. At the beginning of August, the arrival of nine 22,000TEU super-large container ships in the fleet attracted the fierce competition from Korean shipping companies such as Hyundai Heavy Industries and other Chinese shipping companies. However, the final nine new ship orders were all made by China Shipping Group, Home Chinese shipping companies swept.
In the case of the Korean shipbuilding industry, the orders for the flew ship were so great that China's shipbuilder did not have experience in building super-large container ships of more than 20000 TEU, and Hyundai had previously received orders for ultra-large container ships. SK Securities predicts that even when the future shipbuilding market improves, Chinese shipbuilders will receive most of their new ship orders by virtue of their price advantage.
SK Securities also said that due to long-term downturn in oil prices and delivery delays, South Korean shipping companies even get the sea equipment orders will still bear a loss. In addition, there are no favorable factors on the market to increase the chance to win more orders, so by the end of this year, container ships and VLCC orders will show a downward trend.
Analysts said South Korean domestic shipping companies in the first half of this year has received a series of new ship orders, but recently received a new ship orders have been reduced, triggering industry concerns shipbuilders may once again face a decline in new ship orders. Recently, the Korean shipping prices in the fight for the arrival of large ships in the new ship to competitors in China, the stock price accelerated decline. The decline in share prices shows that the uncertainty of the Korean shipping industry continues, and the key is whether the ship can get new ship orders.
For the recovery of the Korean shipbuilding industry, the loss of billions of dollars is indeed a major blow, but also to the Korean shipbuilding industry once again facing an extremely dangerous situation.
