CRI publishes marine related research reports
According to CRI, the growth rate of the throughput of Chinese ports has been tumbling since 2014, affected by sluggish downstream infrastructure investment and import and export trade. Some ports even experienced a decreased throughput.
According to CRI, manufacturing costs of yachts is 20% to 30% lower in China than that in Europe or North American countries. The yacht market is expected to remain an annual growth rate of over 10% because of the increasing high-income earners and yacht registration policies in China in the next few years.
According to CRI, the sales revenue of the ship equipment industry increased from CNY 85.2 billion in 2011 to CNY 105.5 billion in 2012 while it experienced a decline in 2013 and 2014 and recovered in 2015.
The main business revenue of ship repair enterprises increased from CNY 15.13 billion in 2011 to CNY 25.57 billion in 2013 while that declined from 2014 to 2015.
CRI estimates that deepwater offshore oil and gas reserves will be developed with the recovery of oil prices due to the output volume decline of oil and gas in land and shallow waters in the next few years.
The shipbuilding completion amount was 41.84 million DWT with an increase of 7.1% YOY in China in 2015. New orders were 31.26 million DWT with a decrease of 47.9 % YOY.
The global production volume of containers declined to approximately 2.7 million TEU in 2012-2013 under the influence of major economies slowing down. The U.S. economy exhibited a steady recovery while demand for containers in major European countries rebounded in the first quarter of 2014.
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