2015 Maritime Research Reveals China's Shipbuilding, Offshore, and Eco-ship Building Sectors on the Rise
Marintec China co-organisers UBM Asia, Asia's largest trade exhibition organiser, in conjunction with Seatrade Global Communications, has announced the completion of a comprehensive research study of the China shipyard, shipbuilding, and marine equipment industries. The study’s findings, which garnered over 800 respondents across 25 sectors of the shipbuilding industry, were then analyzed and compiled into a report titled "State of China Shipyard and Marine Equipment Industries."
The purpose of the study is to gain a better understanding of the current state of the maritime industry within Asia and specifically in China, as it provides key players and the community insights towards future decisions. The research dives into the major areas of shipbuilding, propulsion systems, electrical systems, auxiliary machinery, port technology, and offshore activities. The study examines the current production and opinions of each area as well as future planned investments and target markets. This 30+ page report is available free of charge to all pre-registered professionals to Marintec China 2015, which takes place from December 1-4 at the Shanghai New International Expo Centre, Shanghai, China.
Seatrade and Marintec China embarked on this collaborative project in early 2015 in consideration of Seatrade’s renowned industry knowledge and editorial objectivity combined with Marintec China’s extensive access to and deep relationships with the Chinese marine, shipbuilding, and naval communities. A comprehensive survey was designed by both groups to include and query the most pressing issues facing supply & demand, manufacturing, business growth, outlier influencers, as well as near-future planned activities for the industry in China. The results yielded a respondent rate of over 800, of which the majority of participants stem from the manufacturer and supply segment (43.7%), shipyards and professionals from the shipbuilder segment (14.6%), and ship repair (15%).
The report’s analysis was then translated into English, alongside charts, graphs, and executive summaries and commentary per each major sector covered in the research including: shipyards/shipbuilding, electrical systems/equipment industry, ports/port technologies, auxiliary equipment and machinery, and of course an extensive section on the offshore industry. An excerpt of the study's shipyard/shipbuilding section notes: "The shift in the product mix towards offshore could be clearly seen in which sectors of shipping respondents saw the most demand for newbuildings. In terms of where demand was for newbuildings, 41% said offshore support vessels, while 36% said offshore rigs...."
"Marintec China had wanted to field such a study for some time now and after UBM’s acquisition of Seatrade Global, partners who we had already been working with for years, we now became an extension of each other’s teams making this type of collaboration more fluid and possible," says Marintec China Event Director Stella Fung. "Our intent is to make available this information prior to Marintec China 2015 so that international audiences can make the best use of business opportunities they might not be fully aware of. For example, it is common understanding that the fluctuations in oil prices have affected activities for the offshore sector, however many suppliers or potential suppliers of shipbuilding may not be aware as to how far the extent and demand is today for eco-shipbuilding."
To learn more about Marintec China 2015, Asia's Largest Maritime Trade Fair organised by UBM Asia and the Shanghai Society of Naval Architects and Ocean Engineers (SSNAOE)—including activities, conference seminars, exhibiting companies, and how to obtain a complimentary electronic copy of State of China Shipyard and Marine Equipment Industries 2015, visit www.marintecchina.com.
Owned by UBM plc listed on the London Stock Exchange, UBM Asia is the largest trade show organiser in Asia and the largest commercial organiser in China, India, and Malaysia. Established with its headquarters in Hong Kong and subsidiary companies across Asia and in the US, UBM Asia has a strong global network of 31 offices and 1,300 staff in 24 major cities. We operate in 20 market sectors with 230 exhibitions and conferences, 21 trade publications, 18 online products for over 2,000,000 quality exhibitors, visitors, conference delegates, advertisers, and subscribers from all over the world.
Shanghai Society of Naval Architects & Ocean Engineers (SSNAOE), originally the Shanghai Society of Naval Architects and Marine Engineers (SSNAME) founded on 25 February 1951, changed its name to SSNAOE in March 2011. The society now retains more than 5,000 individual members and 73 corporate members, with a work emphasis on technical exchanging and presenting marine and offshore engineering and equipment, popularization of science, publication, and technical consultancy. The society has established friendly relationships with 14 famous maritime engineering societies over the world. It is the sponsor of the Pan Asian Association of Maritime Engineering Societies (PAAMES) and was elected the first Chairman society of PAAMES. Additionally, the society will be the organizer of the 18th World Maritime Technology Conference (WMTC18), and MarineTech China organized by the society has turned out to be an outstanding international event.
This article was originally published on Marine & Industrial Report newspaper Vol 37 No.5 Issue last October 31,2015.
