On the Road with Goldman Sachs – Asia Pacific: China Shipbuilding Trip

This report summarizes key takeaways from a field trip to the Chinese shipbuilding industry, focusing on the tension between rising production capacity and strong tanker market demand.

Key Takeaways

• 1.The field trip highlighted faster capacity expansion in the Chinese shipbuilding industry versus strong tanker demand.
• 2.Observed stable newbuild prices despite an increase in equipment costs.

Table of Contents

• Disclosure Appendix
• Reg AC
• GS Factor Profile
• M&A Rank
• Quantum
• Disclosures
• Company-specific regulatory disclosures
• Distribution of ratings/investment banking relationships
• Price target and rating history chart(s)
• Target price history table(s)
• Regulatory disclosures
• Global product; distributing entities
• General disclosures

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