Ministry Of Industry And Information News

China has set itself the goal of producing more than half of the world's ships powered by cleaner fuels by 2025, in guidelines published by the industry ministry on Thursday.It did not give any estimates of the number of ships involved.

China’s accomplished shipbuilding output in the first half of this year stood at 19.66 million deadweight tonnes, up 4.2 percent year on year.Xinhua news agency quoted the Ministry of Industry and Information Technology saying that China received 51.8 percent of global new orders in H1 and held 42.9 percent of the existing orders, cementing the country’s leading role in the sector.In 2018, China took 43.9 percent of global new orders and held 42.8 percent of the existing ones.Given a lackluster global economy, however, the shipbuilding industry still faces grim circumstances, Xinhua said.Intelligent ships and intelligent manufacturing are the drivers for the high-quality development of China's shipbuilding industry…

China's Dalian Shipbuilding Industry Co (DSIC) is working on China's first smart crude oil carrier - a special project named "smart ship 1.0 R&D - which will incorporate technology to help the captain operate the ship. The Chinese state media quoted Guan Yinghua, deputy chief engineer of DSIC as saying that the project was assigned by the Ministry of Industry and Information Technology. Guan said that the very large intelligent crude carrier will be the most important result of the project. She said the smart vessels represent the future. DSIC is a subsidiary of State-owned shipbuilding giant China Shipbuilding Industry Corp. This year…

China aims to capture up to 40 percent of the global high-end marine equipment market over the years through 2020 while reforming and supporting its money-losing shipbuilding industry, the government said on Thursday. The pledges were laid out in a statement published by six ministries on the website of the Ministry of Industry and Information Technology. The statement broadly outlined their plans for Chinese shipbuilding over 2016-2020. The global shipping industry is suffering from a severe downturn that has sapped demand for new vessels. Many shipyards in China, which build mainly mid-to-low-end vessels such as dry bulk carriers, have shut down as a result.

Drop in commodity prices has slashed global demand for bulk carriers, pushing shipyards out of business, says Chinese news agency Caixin. Huai Jinpeng, a vice minister from the Ministry of Industry and Information Technology, which oversees the sector said that the industry is plagued by excess capacity even after many large private ship makers have gone bankrupt or stopped production. China alone will build ships with a total carrying capacity of 80 million tons next year, equal to the forecasted increase in global demand, estimates from the ministry showed. In the first 10 months of 2015, Chinese ship builders have received orders for new vessels totaling 20.3 million tons…

Seven of Chinese state departments are investigating four local shipping companies over allegations that they have levied arbitrary and excessive charges for port services following complaints from foreign trade firms, reports Reuters. The National Development and Reform Commission had so far found that some shipping companies “have too many items on document charges and unreasonable telex release charges,” the notice said. The companies are Ningbo Dagang Pilotage, a subsidiary of Ningbo Port Group, Nantong Youbang Port Services, Taizhou Dingan Ocean Shipping Services, and Dandong Dehai Ship Services, which operate at the ports of Ningbo, Nantong, Taizhou and Dandong, respectively.

China has added nine shipyards to its "white list" of firms deemed worth of favourable policy support, as it attempts to tackle overcapacity that has weighed on the global shipping market. In September, it published a list of 51 yards which it later cut to 50. These yards, which it says are judged to comply with requirements such as ship emissions, are expected to get favourable policy support, such as bank credit and export tax rebates. The nine include subsidiaries of state-backed firms China State Shipbuilding Corporation…

China has added nine shipyards to its "white list" of firms deemed worth of favourable policy support, as it attempts to tackle overcapacity that has weighed on the global shipping market. In September, it published a list of 51 yards which it later cut to 50. These yards, which it says are judged to comply with requirements such as ship emissions, are expected to get favourable policy support, such as bank credit and export tax rebates. The nine include subsidiaries of state-backed firms China State Shipbuilding Corporation, China Shipbuilding Industry Corporation, China Ocean Shipping (Group) Company and Aviation Industry Corporation of China , according to the list put up on the Ministry of Industry and Information Technology's website on Wednesday.

China has released its first "white list" of 51 shipyards that it deems worthy of favourable policy support, as the world's largest shipbuilder strives to tackle over-capacity that has slammed the global shipping market. The government said last year that shipbuilders that complied with its requirements in areas like ship emissions would be put on a white list for favourable policy support, such as export tax rebates and bank credit. The list published on the Ministry of Industry and Information Technology's website on Wednesday included the Jiangsu shipyard of heavily indebted China Rongsheng, Singapore-listed Yangzijiang's New Yangzi shipyard and two of Sinopacific Shipbuilding yards.

The Danish Maritime Authority (DMA) says its cooperation with China has been further strengthened by the signature of an agreement between  the Ministry of Business & Growth, and the Chinese Ministry of Industry and Information Technology. DMA explains that the new cooperation agreement on green maritime technology and ship building creates the framework for a stronger and intensified cooperation between Denmark and China. “Blue Denmark’s relations with China build upon 40 years’ cooperation wince the signing of our first maritime cooperation agreement in 1974. Today, Danish shipping and Danish companies have a strong presence in China.

China signaled that it will cut its vast shipyard army to get industrial growth back on a healthy track this year, as its earning ability falters amid cheap vessel prices, blind expansion and speculation in the shipbuilding sector, according to Xinhua. China will drastically curb the number of shipyards, docks, berths and maintenance facilities it opens, reports Xinhua, citing Li Dong, deputy director-general at the department of equipment industry at the Ministry of Industry and Information Technology.

Largest ever Marintec China 2013 hits New Records over 1,700 exhibiting companies and attracted 13% more trade visitors Hong Kong – December 23, 2013—Marintec China 2013, organized by UBM Asia and the Shanghai Society of Naval Architects and Ocean Engineers, was a tremendous success over the four days of the show from December 3-6, 2013. With the blowing of a whistle and pushing of the actuating lever, Marintec China 2013 officially began. The four-day exhibition and conference was unveiled and officiated by senior officials from the industry…

Regarded by many as the only gateway to the Asian maritime market, Marintec China 2013 has opened with due ceremony in Shanghai. With a significant increase in the floor area from 2011, this year's Marintec China covers more than 70,000 square metres. Taking up six exhibition halls, (Hall N1, N2, N3, W3, W4, W5) of the Shanghai New International Expo Centre (SNIEC), this year looks like being another record breaker. Sixteen national / regional pavilions from Austria, mainland China…

The State Council has issued a three-year plan, ending in 2015, to upgrade and restructure the mainland's troubled shipbuilding industry, a further move to stabilise economic growth, reports the South China Morning Post (SCMP), citing Xinhua. The sector faced "unprecedented, severe challenges" as a lack of new orders, owing to weakness in the global shipping market, had exacerbated overcapacity in the industry, Xinhua reported, citing a government document. The sector is among those - including iron and steel, cement, electrolytic aluminium and flat glass - that must accelerate the phasing out of overcapacity, according to a July 24 statement from the Ministry of Industry and Information Technology, cited by SCMP.

The core business revenue of 80 major shipbuilding companies declined 22.4 percent to 84.1 billion yuan ($13.7 billion) from January to May 2013, according to data from the Ministry of Industry and Information quoted by China Daily. CSSC Jiangnan Heavy Industry - the Shanghai-listed arm of China State Shipbuilding Corp, one of the nation's largest shipbuilders - reported its first-half revenue for year 2013 dropped 39.49 percent year-on-year to 319 million yuan ($51.63 million), and it reported a loss of 61.52 million yuan for the same period. It added the market is still sluggish and that orders are drying up, which dragged down both its core business and its non-shipbuilding revenue.

The Chinese government is expected to introduce support for the shipbuilding industry soon according to Asiais.com Citing an An Economic Information of China report, Asiais.com says that a 'Three-Year Plan to Strengthen China’s Shipbuilding Industry' is in the final stage of mediation, jointly provided by the three Chinese government agencies, the National Development and Reform Commission, the Ministry of Finance and the Ministry of Industry and Information Technology. In essence the government's measures would encourage replacing vessels aged over 15 years and offe ar 20% of subsidy out of the national treasury for  vessels built in China's shipyards. Source: Asiais.com

China's shipyards launched 60-million dwt in 2012 representing a drop of 21% from the previous year. According to Ministry of Industry and Information Technology government statistics reported by CNTV, new orders for shipbuilding also tumbled by about 44 percent. Industry experts consider that the shipbuilding industry would continue to be weak in 2013, and it’s unlikely the market will pick up in the short term. Three listed shipbuilding companies have already released profit warnings for 2012. Sainty marine for example is expected to see its net profit slump by as much as over 50 percent. Meanwhile, the China State Shipbuilding Corporation forecasts a 100 percent drop in its bottom line. Source: CNTV

Many Chinese shipbuilders flounder in the face of a declining world shipping slowdown according to the latest industry reports. Production at Chinese yards, the world's biggest shipbuilders by tonnage, declined steeply during the first three quarters of the year, reports 'China Daily'. During the period, finished capacity dropped by 18.5 percent from last year to 41.58 million deadweight tons, and new orders decreased by 46.9 percent year-on-year to 15.41 million deadweight tons, according to the latest data recently released by the Ministry of Industry and Information Technology. In the meantime, Chinese yards' order book stood at 121 million deadweight tons by the end of September, down 19.4 percent from the amount at the end of 2011.

China's Ministry of Industry and Information Technology  reports that orders in first half 2012 are down by 50.3% year-on-year. The volume of handling orders was a mere 125.87 million DWT by the end of June, down 30.7 percent year-on-year, which can easily lead to the assumption that some shipbuilders will not be able to keep operating in the following months. "We have not received any new orders. If the situation continues, we will have only one ship to build in the second half of this year," says Pan Haiwei, general manager of Wu Zhou Shipbuilding Industry Co Ltd in central Zhejiang. Shipbuilders in neighboring Jiangsu province are also barely staying afloat.

China’s first half 2012 shipyard figures make grim reading & the national shipbuilding association warns little chance of help from Beijing. In the first half, newly received order volume in China were 10.74m tons, sharply down 50.3% year-on-year. Till the end of June 2012, orders on hand stood at 125.87m tons, a decrease of 30.7% year-on year. The equipment division of the Ministry of Industry and Information estimated many yards may will run out of work during the second half of 2012. “The shipbuilding industry is getting worse. Beijing has not released any new specific supporting measures for the industry yet,” an official from the national shipbuilding association told 'SinoShip News'.

SHANGHAI -- China aims to increase annual sales by domestic shipbuilders to $189.7 billion by 2015, as it works toward its goal of becoming the world's leading shipbuilding country, the Ministry of Industry and Information Technology said. China also plans to raise the value of annual shipbuilding exports to more than $80 billion by 2015, the ministry said, in a five-year plan for the shipbuilding industry. The plan provides new details regarding China's push for significant growth in domestic shipbuilding at a time when the industry already faces overcapacity. A recent report by the China Association of the National Shipbuilding Industry showed that total new orders from more than 1,500 shipbuilders in China fell more than 50 percent last year.

China's shipbuilding industry may double its scale in the next four years on growth potential in sea transport and marine economy, and Shanghai is expected to play a big role toward meeting the goal. By the end of 2015, the market size of shipbuilders and marine equipment makers may hit 1.2 trillion yuan (US$190 billion) with the value of exports touching US$80 billion, the Ministry of Industry and Information Technology said yesterday when it released a guideline of the 12th Five-Year Plan for the shipping industry. Chinese shipyards may take up at least five spots among the world's top 10 shipbuilders and the country's 10 biggest domestic shipbuilders may contribute more than 70 percent of the total output.

At a recent Senior Maritime Forum held in conjunction with Marintec China 2011, Clay Maitland called for marine environment protection as “an essential strategy for corporate risk management”. As NAMEPA’s (North American Marine Environment Protection Association) Founding Chairman, Maitland told the over 400 senior Chinese leaders that “Clean seas are good business”. “In these times of economic pressure, rising insurance costs, and growing regulatory pressure, no shipowner, or charterer, should neglect its risk management procedures,” urged Maitland.