In 2022, China's shipbuilding industry maintained a stable development trend, with three major shipbuilding indicators continuing to lead the international market share and the efficiency of shipbuilding enterprises continuing to improve. Customs data shows that in November 2022, China exported 365 ships, up 3.7% year-on-year; in the first 11 months of 2022, 4,743 ships were exported, up 7.8% year-on-year. 2023, the continuation of the heat of the global shipbuilding market will strongly support China's ship exports.

Recently, in 2023 China steel market outlook and "my steel" annual meeting held during the 2023 manufacturing steel industry summit - ship construction machinery special session, China Shipbuilding Industry Association, deputy secretary-general Tan Nai Fen said, "fourteen five During the "14th Five-Year Plan" period, the global new shipbuilding market will continue its recovery trend.

In 2022, the global new shipbuilding market showed a moderate rebound, but affected by a high base in the previous year, the global take up of new ship orders fell more significantly year-on-year. In the first 11 months, the global new ship orders of 74.54 million deadweight tons, down 37.6% year-on-year, but still higher than the average annual level of 66 million deadweight tons in the "Thirteenth Five-Year Plan" period. At the end of November 2022, the Clarkson Newbuilding Price Composite Index reached 162 points, up 29.6% from the beginning of 2020 and up 5.4% from the beginning of 2022.

Data from the China Shipbuilding Industry Association showed that in the first 11 months of 2022, China completed 28.38 million dwt of export vessels, down 15.0% year-on-year; undertook 35.45 million dwt of export vessel orders, down 37.9% year-on-year; and held 92.42 million dwt of export vessel orders at the end of November, up 7.9% year-on-year. Export ships accounted for 83.7%, 89.5% and 89.2% of the national shipbuilding completion volume, new orders received and orders in hand, respectively. At the same time, China's shipbuilding three major indicators to maintain a leading international market share. In the first 11 months, the national shipbuilding completion, new orders received and orders in hand accounted for 45.5%, 53.1% and 48.5% of the world market share respectively.

In 2022, the revenue of Chinese shipbuilding enterprises above the scale grew and profits rebounded; the amount of ship exports decreased slightly; the international market share continued to lead and the proportion of high-end ship types kept increasing; the new ship market continued to be active and the profitability of shipbuilding enterprises continued to improve.

Tan Nai Fen believes that the new demand for global ships will mainly come from two aspects. On the one hand, it is the renewal demand brought by the green change. A large number of ships built in the first decade of the new century have entered the renewal stage one after another, especially under the requirements of the International Maritime Organization's greenhouse gas emission reduction strategy for the shipping industry and rules such as the Ballast Water Convention and the Sulphur Emission Convention, the pace of renewal of global ships may be further accelerated. On the other hand is the new situation brought about by the global new demand, including the geopolitical conflict brought about by the LNG ship new demand, electric car exports brought about by the car ship new demand and the shipowner efficiency significantly improved after the container ship new demand.

Tan Nai Fen also drew attention to the fact that adverse factors such as counter-globalisation and geopolitics may lead to large fluctuations in the volume and price of new vessels in the process of newbuilding recovery. The competition between China and South Korea will also be more intense. 2015 onwards, with Japan's new ship market competitiveness gradually declining, China and South Korea two strong competition pattern gradually appear. 2022 first 11 months, China and South Korea's global share of new ship orders has been as high as 84.3%.

In terms of vessel type, in 2021, the global newbuilding market was mainly driven by container ships, and in 2022 the locomotive of the newbuilding market became gas vessels (mainly large LNG vessels), motor vessels and container ships. According to the revised gross tonnage, the global gas vessel orders accounted for 37.8% and container vessel orders accounted for 30.1%.

"The rhythm of the current round of market recovery is rotational development, and the market demand is likely to be led by bulk carriers and oil tankers in the latter two years." Tan Nai Fen believes that the global newbuilding market in the 14th Five-Year Plan period will show a balanced development trend. Taking into account the possible market fluctuations in the subdivision of the ship type, the Chinese shipbuilding industry is expected to undertake new shipbuilding orders in 45 million to 50 million deadweight tons, the global market share overall maintained at more than 40%. Therefore, the demand for steel for ships will maintain rapid growth.