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| Published：2020.07.20 News Sources：Qingdao Gute Ship Supplies Co., Ltd. Views： | |||
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New ship orders dropped sharply? Japan's largest shipping company's performance fell sharply
Imabari Shipbuilding recently disclosed that the company's overall sales for fiscal year 2019 (April 2019 to March 2020) were 3,806 yen (approximately RMB 24.811 billion), a year-on-year decrease of 2%, the first year-on-year decline in the past two years . Imabari Shipbuilding explained that this is because the construction of large container ships and other ships has reached the highest in history, but due to the intensified competition in the shipbuilding industry between China and South Korea, the overall price of ships has fallen. Affected by this, regular profits for the 2019 fiscal year also decreased for the first time in the past two years. On the other hand, as the expansion of the epidemic has led to a downturn in the shipping market and demand for ship renewal has shrunk sharply, the number of new ship orders received by Imabari Shipbuilding in fiscal year 2019 has also fallen sharply to 26, only about one-third of the previous year. Yoshito Higaki, President of Imabari Shipbuilding, pointed out: “Since the beginning of this year, due to the pandemic, the economy has experienced a major chaos, and the demand for new ship construction is continuing to be lost.” “Logistics has stagnated, reducing by 20% to 30%. The new ship order situation is very severe. "In his view, if this situation continues, the Japanese shipbuilding industry will not be able to sustain it. According to the latest data from the Japan Ship Exporters Association (JSEA), the total number of orders received by Japanese shipping companies in the first half of this year was 66 ships of 2,941,100 GT, a year-on-year decrease of 38.2%. In the context of decreasing orders, Japanese shipping companies have continued to reduce their orders. As of the end of June, the number of orders held by Japanese shipping companies has fallen to 14.44 million GT for 15 consecutive months, which has fallen to the lowest level since the end of June 1997. Facing the difficult situation, Imabari Shipbuilding has decided to establish a joint venture with Japan’s second largest shipbuilding company, Japan Shipbuilding United (JMU), to integrate the sales and design departments of bulk carriers and oil tankers. The new company is planned to be established in October this year. Even so, the future prospects of Imabari Shipbuilding and JMU are not all smooth sailing. In 2019, the construction volume of these two shipbuilding companies accounted for about 50% of Japan's domestic shipbuilding industry, but their global share was only 12%. The LNG ship that Japan's shipbuilding industry was good at was also lost to China and South Korea, missing the largest LNG ship order in Qatar's history. |
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