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Saturday, July 20, 2013

Digest the stock, should improve the industry concentration

Xinhua Daily Published :2013 -7-19 11:12:01

half of the province's existing shipbuilding capacity is idle, which has knock-on effect to the iron and steel, electrical and other upstream industries. In addition to the total surplus, there is a structural surplus: a lack of advanced manufacturing, high-end ship orders Underweight low severe overcapacity, occupy a lot of money, land, shoreline and other scarce resources, restricted economic transformation.
All along, slipway, boat dock enterprises is considered necessary facilities, but Nantong Pacific Marine Engineering Co., Ltd. to break the routine. " The traditional shipbuilding low end of the value chain, we are not directly involved in the construction of the hull, more resources will be used to develop and manufacture the core components." Pacific Marine COO Yanzheng Yun said, create a complete set of dock 4-5 billion, a large initial investment and post-depreciation. Small and medium sized shipyards around just idle, using its dock, which can save investment, but also to revitalize the stock of resources.
Pacific Marine shipyard has acquired a 45% local share, send technical personnel to guide the production, this shipyard back to life. Recently they will hire another local shipyard dock production rigs. Traveling light, Pacific Marine from 2010 sales revenue 1.4 billion to $ 1.3 billion last year.
Relevant agency expects shipbuilding round trough is expected 70% -80% of small shipyards bankruptcy. Reporter survey found that a small number of small fishing boats shipyards are expanding the market, converting bridge steel and other non-vessel areas, to achieve security of the operation, the individual still have profit.
The State Council is developing the shipbuilding industry overcapacity defuse program, the basic principle is eliminated, integrated simultaneously, before 10 ship enterprises increased production capacity accounted for more than 70%, 5 or more shipping enterprises to enter the world top 10. Province, and strive to build the province's 2015 five main businesses, strong core competitiveness, promote the role of large ships and marine equipment turnkey business ,1-2 into the world top 10 optimization Nantong, Taizhou, Yangzhou industrial layout, and strive to three city ship industry concentration over 90%.
" As long as the sea quit, you need shipping, shipbuilding people have the opportunity. Jiangsu shipbuilding shares accounting for 1/3, Global 110, so that a high-end, no reason not to take a sunrise industry development." Held last month at the meeting of the Soviet Union , the provincial leadership so stressed. Although industry-wide credit crunch, but the provincial departments of financial institutions on the ship are still coordinating corporate mergers and acquisitions, overseas mergers and acquisitions and restructuring shipyards to support the backbone.

Does not survive the shipyard 2900, only layoffs or even shut down, 100 strive

echelon competitive situation is broken, cut-throat competition on the rise again.

" As long as the sea quit, you need shipping, shipbuilding people have the opportunity. Jiangsu shipbuilding shares accounting for 1/3, Global 110, so that a high-end, no reason not to take a sunrise industry development

Cosco and yangzijiang are the Top 10 in china shipbuilding , they wil become stroger.. by next year . TG $2.00.

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