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Marine Industry | China
With a coastline of over 14.000 km and several large ports, China is one of the worlds’ largest maritime countries. The marine industry is one of the oldest and most important industries in China. Traditionally, shipbuilding companies and its suppliers are found in the regions surrounding the ports of Shanghai and Tianjin and the provinces of Guangdong, Fujian, Hubei, Liaoning, Jiangsu and Shandong.
China is home to several large ports. Handling over 35 million TEU (Twenty-Foot Equivalent Unit), Shanghai is the busiest container port in the country. The Chinese government is investing in several projects in the Shanghai region so the city can become the world’s largest transport hub by 2020.
In China there are several large shipbuilding conglomerates: China State Shipbuilding Corporation (CSSC), China Shipbuilding Industry Corporation (CSIC), Sinotrans, COSCO shipping and CMHI are a few important names in the shipbuilding industry. The Chinese shipyards build a variety of ships such as: bulk carriers, container ships, oil tankers, naval vessels, LNG’s and passenger vessels, RO-RO vessels and jack-up units.
China’s offshore industry has developed rapidly in the last decade. China has rich offshore oil and gas reserves which are exploited by the China National Offshore Oil Company (CNOOC). In attempt to improve competitiveness of China’s offshore industry, seven major Chinese rig builders have established China Offshore Deepsea Industry Alliance (CODIA) with the aim to realize cost savings through sharing resources and knowledge.