The global marine engineering equipment market demand for marine services is recovering, and the average annual demand will reach approximately US$50 billion by 2020. Facing this opportunity, experts believe that China should solve the problem of low-end products as soon as possible, enhance its core strength, and seize the international market. Yingkou Ship Repair

Judging from factors such as global energy demand, supply and oil price trends, the offshore engineering equipment market has a promising future. In the future, the global market for offshore engineering equipment such as drilling platforms, production platforms and offshore engineering ships will be broad. It is estimated that the average annual market demand for the global offshore engineering equipment market will be approximately US$50 billion from 2014 to 2020.

Focusing on the huge market space, China has accelerated the development of the offshore engineering industry in recent years. Take the jack-up platform as an example. As of 2014, China's orders have leapt to the world's first place, accounting for more than 30%, but in 2006 it only accounted for 7%. For details, see "China's offshore engineering industry market outlook and investment strategic planning analysis report".

However, experts believe that the offshore engineering industry has the characteristics of high product reliability, high technical threshold, and high capital intensity. Currently, the research and development of China's offshore products is still at the low end of the entire high-end industrial chain. From the perspective of the offshore engineering industry, from top to bottom, they are financial companies, supporting service companies, core equipment companies, and shipyard companies. Most of China's offshore engineering industry are shipyards, and few have access to offshore engineering finance and services.

China mainly produces offshore auxiliary ships such as jack-up platforms, three-purpose work ships, and platform supply ships. The independent research and development, engineering design and innovation capabilities are relatively weak, and core technologies and high-end designs are lacking.

From the perspective of the value distribution of drilling platforms, the value of drilling equipment and other equipment accounted for 60%, in addition to raw materials, labor and profit margins. The independent production and research and development capabilities of drilling equipment and other equipment must be firmly grasped, otherwise profits will be wiped out by merely rising labor costs.

Extending to higher value-added service areas is the only way for industrial development. China should first fully consolidate its involvement in marine engineering, such as hull manufacturing, and then upgrade to high-end industries. On the basis of industrial upgrading, it extends to both ends of the value chain of innovative research and development capabilities and improved service guarantee capabilities. In the future, we will gradually fill in the gaps in new areas that have not yet been covered.