China Newbuilding Price Index

China Newbuilding Price Index Co., Ltd. (CNPI) started operation since 2011 in Shanghai. 

The Company consists of three special panels, known as Bulk Carrier Panel, Tanker Panel and Containership Panel. Business volume of total 21 member companies accounts for nearly 70% of Chinese shipbuilding market share. According to company stepulation, panelists will contribute their price assessments for every month. 

Base ship types for sub-indices are strictly defined in terms of ship size, dwt or teu, type of main engine and auxiliary engine, bunker consumption, type of bunker, speed and even number of reefer sockets for container ships. 

The index is a good observatory for change of average newbuilding prices of Chinese Shipyards and information center of newbuilding market in China.