Shipbuilding industry: "turning rudder" to store energy in spring

Abstract Liu Zhenhua, an old worker who has worked in Wuhu Xinlian Shipbuilding Co., Ltd. for more than 20 years, has experienced several ups and downs like the “roller coaster” in China's shipbuilding industry. "This is the hardest and most difficult time."
Liu Zhenhua, an old worker who has worked in Wuhu Xinlian Shipbuilding Co., Ltd. for more than 20 years, has experienced several ups and downs like the “roller coaster” in China's shipbuilding industry. "This is the hardest and most difficult time," he said, and the company's response allowed him to see hope.

Order reduction, financing difficulties, and shrinking profits, the “cold winter” of the shipbuilding industry worldwide has continued to fertilize since 2010, and the entire domestic shipbuilding market is at a cyclical low.

Liu Zhenhua's company was restructured from the state-run Wuhu Shipyard in 2007. Its predecessor was the Fujiheng Machine Factory, which was founded in 1900. It was one of the 156 key projects aided by the Soviet Union during the “First Five-Year Plan” period.

The 100-year-old old shipyard did not have any orders in 2010 and 2011. It relied on a batch of orders in 2009 to “eat the old”. “The upstream of the shipbuilding industry is the shipping industry. After the financial crisis in 2008, the global economy was sluggish, the volume of transportation was greatly reduced, and the demand for ships was also significantly reduced,” said Ke Neng, the company’s responsible person.

More attention should be paid to the fact that, like most shipbuilding companies in China, the new shipbuilding type previously built by the company is mainly based on low value-added ships such as bulk carriers and oil tankers. With the increase in domestic manufacturing costs, the profit margin of such ship types is further increased. Being compressed.

The Shipbuilding Industrial Park of Sanshan District, Wuhu City, where Xinlian Company is located, is one of the six major shipbuilding and breeding bases in Anhui Province. Dong Zuming, deputy director of the ship office project in the district, pointed out that most of the domestic shipping companies are in a stage of serious difficulties. This "shuffling" has caused many shipping companies to declare bankruptcy. However, "cold winter" is still going on.

"'Waiting' is the choice of many shipping companies. They think that if the economy is better, they will be able to survive." Ke Neng said, "But even if you can survive this crisis, the next time So lucky?"

The accumulation of strength, transformation and upgrading have become the main work of several shipping companies in the Sanshan District Shipbuilding Industrial Park. Xinlian Company re-adjusted its product direction, positioned high-tech, high value-added market segments, improved the quality of orders, and focused on marine engineering vessels and special vessels to build branded products.

Timely “turning the rudder” allowed Xinlian Company to taste the “sweetness” in 2012: the production efficiency was significantly improved, and the Bodun Company’s 82,000-ton bulk carrier was completed in 27 days. The successful signing of the Singapore shipowner Two offshore platform supply vessels; advance the South African shipbuilding joint venture project...

“The value of these offshore engineering vessels that were intensified before the Spring Festival was nearly $300 million.” Ke Nengshen said, “In the future, high value-added orders will account for more than 80% of the company’s total orders.”

Other shipping companies in the Shipbuilding Industrial Park in the Three Gorges District of Wuhu are also actively transforming and struggling to “winter”. Weinan Shipyard invested 20 million yuan to build 50,000 tons of shipbuilding and other infrastructure to improve shipbuilding capacity and prepare for the recovery of the shipbuilding industry. Haiqiao Shipyard invested in building a ship trading platform to improve the service supporting bases for ship parts and crew training. Xinyuan Shipyard uses shoreline resources to actively carry out new businesses such as ship repairing and shipbreaking.

“2013 will be a crucial year for the domestic shipping industry.” Dong Zuming said, “The introduction of relevant national guidance will help to adjust and optimize the industrial structure and promote the sustainable and healthy development of the industry.”

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