ShippingWatch

Sea Asia: China poised for dominance of the offshore market

The demand for oil and gas will increase markedly over the next 30 years and more than half will be delivered to Asia and Pacific. Consequently, China is now ready to win market shares even though there are still obstacles to overcome.

Photo: Ole Jørgen Bratland/Statoil

SINGAPORE: While many of the delegates at Asia’s biggest shipping conference Sea Asia are down in the mouth due to the crisis within the industry, the tone was somewhat more upbeat during the afternoon discussion of the offshore market in Asia.

“There is still an increasing demand for energy because the world is still dependent on oil and gas to drive the growth”, said Y Y Chow from the major Singapore-based player on the shipping market, Keppel.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Several factors explain the plummeting dry bulk rates

Dry bulk rates have taken an unusual dive at the beginning of 2022. Most recently, the Baltic Dry Index dipped by 4 percent Friday. Several factors have triggered a ”panic in the market,” an analyst explains to ShippingWatch.

Related articles

Latest news

See all jobs