Zhi Tong Cai Jing·2026-01-05 06:33Group 1 - The core viewpoint of the news is that the shipbuilding market is showing signs of recovery in demand, stable prices, and restored confidence by the second half of 2025 [3] Group 2 - Market demand has significantly rebounded, with a noticeable acceleration in global new ship orders and increased market activity, particularly in the container and bulk carrier segments [3] - New ship prices remain high but have slightly adjusted from last year's historical peaks, indicating a tight supply-demand relationship supported by raw material and labor costs [3] - Shipowners' psychological expectations are positively shifting, reflecting a more optimistic outlook for the market [3] Group 3 - China Shipbuilding Defense is identified as a major shipbuilding enterprise under China Shipbuilding Group and a core military production enterprise, with sufficient orders on hand and expected stable profitability from high-priced ship deliveries [4] - The shipbuilding sector is anticipated to benefit in 2026 from the aging and increasingly fragile supply of mainstream ship types, gradually warming crude oil and dry bulk cargo volumes, extended shipping distances, and reduced fleet speeds due to IMO environmental regulations [4]