ShippingWatch

Chinese shipyards benefit from offshore

Since 2009 the Chinese shipyards have successfully attracted orders to construct expensive equipment for the offshore industry, and growth has increased an average 20 percent a year.

Photo: Ole Jørgen Bratland - Statoil

The Chinese shipyards are slowly but surely gaining up on their Korean competitors. The yards in China are currently testing their strength on the ultra large ships, but the shipyards have already achieved a certain degree of success within offshore rigs.

The latest survey by Clarkson shows that order value for the Chinese shipyards from the offshore industry has increased by around 20 percent annually since 2009, with offshore orders reaching a total value of USD 17.3 billion in 2013.

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