China advances into offshore equip

Date:2013/12/13/ 12:39

Li Guoan, vice director of Society of Naval Architects and Marine Engineers (CSNAME) of China, announced on December 5 that China accounts for only a partial proportion of offshore equipment sector with low-technology equipment while depending entirely on overseas enterprises for high quality equipment. Mr. Li pointed out that Chinese equipment supply rate reaches less than 5% in total and this situation is directly affecting Chinese offshore facility sector making low profits. 

Mr. Li said as above at "Marintec China 2013" and deputy general manager Xu Xiulong of COSCO (Nantong) Shipyard also mentioned that recently a number of companies are hoping to advance into offshore sector but they pay no attention to equipment sector only with focusing on facility construction, such as drilling platform and so on, once entering. He added that if Chinese equipment makers do not plan measures for this situation, they will fall far behind Korea or Singapore. 

Mr. Xu continued that Chinese equipment stands just at the level of fool's gold at present. Daily operation cost of one drilling platform unit is around $500,000 and risks are too high when Chinese-made equipment is used, thus shipbuilders cannot help but count on overseas enterprises in Europe, Singapore and so on. 

Chen Gang, director of Offshore Department from Shanghai Waigaoqiao Shipbuilding (SWS), said that a research on Singaporean model of equipment development is needed. As for offshore facility sector, it is crucial to research and develop other related sectors as well as shipbuilding area.
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