Global marine engineering orders exceed US$10 billion in the first quarter; market remains robust

2012-04-28 09:00

As of March 15 this year, the global offshore engineering equipment manufacturing market's order value has reached US$13.384 billion, largely on par with last year, and the offshore engineering equipment market is expected to remain very prosperous this year.

　　Industry insiders say this means the high prosperity of the offshore engineering equipment industry will continue. This is because in 2011, the global offshore engineering equipment market order value reached US$69 billion, setting a historical record high, a year-on-year increase of 130%. It was also the first time that offshore engineering equipment orders exceeded the value of new ship orders in the same period, becoming the main source of new orders for the world's shipbuilding industry. The insider also stated that behind the booming offshore engineering equipment market is the emergence of a large number of high-value orders. According to statistics, in 2011, the average price of drilling equipment and production equipment (including new builds and modifications) was US$397 million per unit (vessel), which is much higher than the unit price in shipbuilding projects involved in ship manufacturing for a single vessel or rig, and this is far higher than the unit price in shipbuilding.

　　Peng Min, a senior analyst in the machinery industry at Founder Securities, believes that the offshore engineering equipment manufacturing industry is entering a golden period of development, especially for offshore oil and gas field exploration and extraction equipment, with very promising future prospects. Offshore engineering equipment typically has high technological content and high construction costs. Overall, the beneficiation order for the offshore engineering equipment industry is general assembly enterprises – design enterprises – key supporting equipment enterprises. Public data shows that from 2012-2016, global deepwater investment expenditure is expected to grow rapidly, with total expenditure reaching US$205 billion, a 90% increase compared to the previous five years.

　　However, the aforementioned industry insiders further stated that in the international market for offshore engineering equipment, primarily for offshore oil extraction, South Korea and Singapore have the strongest capabilities. Currently, China's offshore engineering equipment manufacturing capabilities are still lacking, especially in key equipment. From China's perspective, there is a greater advantage in the design and general assembly of offshore oil extraction platforms. Therefore, companies with technological accumulation and strong R&D capabilities in this area will benefit more. In terms of general assembly and design, China mainly includes CSSC, CSIC, CIMC, ZPMC, and Shanghai Jiagao, while for supporting equipment, Nantong Liwei Machinery, Asia Star Anchor Chain, Shandong Molong, and others are involved.

The Yangtze River Delta will become a world-class shipbuilding base

Almi Group is entering the marine engineering field.

COOKIES

Our website uses cookies and similar technologies to personalize the advertising shown to you and to help you get the best experience on our website. For more information, see our Privacy & Cookie Policy

COOKIES

required

These cookies are necessary for basic functions such as payment. Standard cookies cannot be turned off and do not store any of your information.

analyze

These cookies collect information, such as how many people are using our site or which pages are popular, to help us improve the customer experience. Turning these cookies off will mean we can't collect information to improve your experience.

Feature

These cookies enable the website to provide enhanced functionality and personalization. They may be set by us or by third-party providers whose services we have added to our pages. If you do not allow these cookies, some or all of these services may not function properly.

advertise

These cookies help us understand what you are interested in so that we can show you relevant advertising on other websites. Turning these cookies off will mean we are unable to show you any personalized advertising.

WeChat Official Account

Video account

Douyin account

Business License