Core Insights - The report by Zhiyan Consulting highlights significant growth in China's liquid cargo ship exports, with a 50% year-on-year increase in the number of ships exported in June 2025, totaling 24 vessels [1] - The export value of these ships reached $1.039 billion, marking a substantial year-on-year increase of 170.5% [1] Industry Overview - The data is sourced from Chinese customs, indicating a robust performance in the liquid cargo ship sector [1] - Zhiyan Consulting is recognized as a leading industry consulting firm in China, specializing in in-depth industry research and providing comprehensive consulting services [1]

Core Viewpoint - The liquid cargo ship industry in China is experiencing significant growth, driven by increasing exports and advancements in green shipping technology, positioning itself as a key player in the global market for low-carbon shipping solutions [1][10]. Industry Overview - Liquid cargo ships are specialized vessels for transporting liquid goods, including oil, chemicals, and liquefied gases, and have become a crucial growth point for China's shipbuilding exports [3][10]. - The industry is categorized into three main types: oil tankers, liquefied gas carriers, and chemical tankers, each designed for specific liquid cargoes [3]. Development Background - The water transport industry is undergoing a transformation towards modern logistics systems, with China's water transport volume growing from 6.657 billion tons in 2017 to 9.811 billion tons in 2024, reflecting a compound annual growth rate of 5.7% [5]. - The implementation of regional trade agreements and initiatives like the Belt and Road Initiative is enhancing the water transport network, benefiting the liquid cargo ship industry [5]. Industry Chain - The liquid cargo ship industry chain includes upstream raw materials (steel, non-ferrous metals), midstream manufacturing (shipbuilding), and downstream services (transportation and leasing of liquid goods) [7]. Current Industry Status - In 2024, China is expected to export 222 liquid cargo ships, a year-on-year increase of 54.17%, with an export value of 44.185 billion yuan, up 48.98% [10]. - The first half of 2025 shows continued growth, with 136 ships exported, a 37.37% increase from the previous year, and an export value of 29.761 billion yuan, up 91.73% [10]. Key Enterprises - The industry is led by China Shipbuilding Group, with major players including Dalian Shipbuilding, COSCO Shipping Development, and Jiangsu New Yangzi Shipbuilding, among others [17][18]. - These companies are enhancing their competitive edge through technological advancements and expanding their production capabilities [17]. Development Trends - The industry is moving towards larger and more specialized vessels to meet diverse market demands, particularly in LNG and chemical transportation [24][25]. - Green technology is becoming a focal point, with companies developing LNG dual-fuel and ammonia-fueled vessels, as well as innovative designs for carbon capture and storage [27].

Group 1 - The core viewpoint of the report indicates that in May 2025, China exported 20 liquid cargo ships, showing no year-on-year change, while the export value reached 672 million USD, reflecting a year-on-year increase of 47.4% [1][3]. Group 2 - The report is published by Zhiyan Consulting, a leading industry consulting firm in China, which has been deeply engaged in industry research for over a decade, providing comprehensive industry research reports, business plans, feasibility studies, and customized services [2].

Group 1 - In June 2025, Japanese shipbuilders received a total of 23 orders amounting to 1.355 million GT, a decrease of 36.9% compared to 54 orders totaling 2.148 million GT in June 2024 [2] - From April to June 2025, the total number of orders received by Japanese shipbuilders was 55 vessels totaling 2.867 million GT, reflecting a year-on-year decline of 39.8% [2] - In the first half of 2025, Japanese shipbuilders secured a total of 94 orders amounting to 5.0232 million GT, representing a significant year-on-year decline of 68.1% [2] Group 2 - Despite strong global demand for new shipbuilding, Japanese shipyards are unable to take on more orders due to a lack of available shipbuilding slots [3] - Japanese shipbuilders' market share for new orders in the first half of 2025 was less than 10%, amid strong competition from Chinese and Korean shipbuilders [3] - As of the end of June 2025, Japanese shipbuilders had a backlog of 620 vessels totaling 29.99 million GT, which is sufficient to sustain approximately 3.5 years of production based on 2024 completion rates [3]