Foreign media: The surge in global fossil fuel prices has driven a sharp increase in offshore oil and gas investments, benefiting Chinese enterprises.
China holds more than 50% of the global marine engineering equipment market, offering a wide range of heavy machinery including floating drilling platforms and wind turbine installation vessels. Although this industry experienced a downturn at the end of the 2010s, the global annual order volume reached an average of $22 billion from 2021 to 2025—nearly doubling compared to the previous five years.
The chief engineer of the China Shipbuilding Industry Association stated that shipyards are already operating at full capacity, and new orders have not yet fully reflected the optimistic outlook. With ongoing conflicts between the U.S. and Iran further driving up energy prices, and China continuing its strategy to reduce dependence on imported oil and gas, demand for offshore equipment is expected to remain strong.
Original article: toutiao.com/article/1867247577610377/
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