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How about the prospect of shipbuilding steels ?

Posted: 5/27/2011 11:06:07 AM

The revitalization plan in ship industry, released by State Council, required ship industry to keep stable and fast growth in future three years and hoped the shipbuilding capacity to reach 50 million DWT per annum by 2011.
As per the statistics, China owned 192.35 million DWT of ship orders in end July. The statistics of ship plate consumption in different ship types showed that ship plate consumption coefficient respectively posted 0.14 to 0.3 in bulk carriers, 0.15 to 0.21 in oil tankers, 0.36 in Chemical tankers, 0.28 to 0.3 in container carriers and 0.27 in LNG ships. In varieties, orders of bulk carriers occupied 64.5% of the total held by China that of container carriers 7.5% that of oil tankers 23.5%.
According to the orders, China would deliver 56.58 million DWT of ships this year. The conservative expectation suggested that the real delivery this year would excess 40 million DWT up by 13%YoY considering the possible order cancellation and delay in financial crisis. So, it’s calculated that China would consume 13.3 million tonnes of shipbuilding steels including 11.7 million tonnes of ship plates, 1.2 million tonnes of section steel and bulb steel and 0.4 million tonnes of steel pipes.


 

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