China's Offshore Engineering Orders Rise 121.9% as Global Share Tops 80%

China's offshore engineering equipment sector recorded a 121.9% year-on-year surge in the value of new orders in the first half of the year, capturing more than 80% of the global market, according to data from the Ministry of Natural Resources published by Xinhua. The growth was accompanied by major milestones across deep-sea wind and oil-and-gas infrastructure, including the deployment of ultra-large floating wind platforms, advanced converter stations, and new turnkey engineering contracts for floating production storage and offloading vessels.

The doubling of new orders and an 80% global market share indicate that Chinese shipyards and marine fabricators are moving up the value chain from basic hull fabrication to complex EPCIC (engineering, procurement, construction, installation, and commissioning) contracts. As global investments pivot toward offshore renewable energy and deepwater exploration, Chinese manufacturers are expanding their presence in high-specification offshore segments.

China's offshore engineering equipment manufacturing sector experienced significant expansion in the first half of the year, with the value of new orders surging 121.9% year-on-year to account for over 80% of the global market, according to marine economic statistics published by the Ministry of Natural Resources and reported by Xinhua. The sharp rise in contract value reflects accelerating technological upgrades across high-end marine engineering segments. Chinese yards achieved several major manufacturing and deployment milestones during the six-month period. These include the delivery of China's first mobile multi-functional offshore platform, "Haiyang Shiyou 283," and the commencement of offshore installation for "Sanxia Linghang Hao," a 16-megawatt floating offshore wind platform billed as the world's largest by single-unit capacity. Additional advances in marine energy infrastructure included the installation of "Haifeng Zhixin," the world's largest offshore converter station, and the port departure of "Haiyou Anlan," the world's first 16-megawatt tension-leg platform floating wind turbine. Domestic engineering enterprises also secured two full-scope EPCIC (engineering, procurement, construction, installation, and commissioning) general contracting agreements for floating production storage and offloading (FPSO) units, marking deeper participation in the highest-value segment of marine oil and gas engineering. The offshore equipment boom took place against a backdrop of steady expansion in China's overall ocean-related foreign trade despite ongoing restructuring across global supply chains. Total maritime import and export trade value grew 6.9% year-on-year in the first half, driven by a 7.8% increase in exports, while coastal port cargo throughput for foreign trade climbed 4.6%. High-value marine products showed particularly strong export growth. Exports of wind turbine units and related components increased by 35.6% year-on-year, while total vessel export value grew 24.9%, underlining the increasing global demand for Chinese marine manufacturing capacity.