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China for 7 years leads in global marine engineering equipment manufacturing 2025/3/4 source: Print

China remains the world's top manufacturer of marine engineering equipment in terms of market share for seven consecutive years.

As the latest example of China's capability in marine engineering equipment manufacturing, two homegrown fourth-generation wind turbine installation vessels were delivered in Nantong City of eastern China's Jiangsu Province on Sunday.

They were built in a production base of Chinese heavy-duty equipment manufacturer Shanghai Zhenhua Heavy Industries in Nantong City, east China's Jiangsu Province.

The base is home to a national-level advanced manufacturing cluster for marine engineering equipment and high-tech vessels.

Roughly a quarter of China's marine engineering equipment are manufactured in the base, and its shipbuilding industry market size ranks the first in the country.

Data show that a total of 209 orders were placed for marine engineering equipment globally in 2024, with a value of approximately 26.8 billion U.S. dollars and a year-on-year increase of 95 percent.

Among them, China reported a new order intake of 108, with a value of about 18.6 billion U.S. dollars, accounting for 69.4 percent of the global total.

Meanwhile, China has continuously achieved technological breakthroughs in innovative and green technologies for high-end ships and offshore equipment.

Chinese shipbuilders have received orders for floating liquefied natural gas production storage and unloading units, floating oil production storage and unloading units, large offshore wind power installation ships, and new offshore wind power operation and maintenance ships.

In 2024, China's newly received orders for green ships accounted for 78.5 percent of the international market share.


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