Floating wind power is poised for exponential growth by 2026!
The future strategies of international oil companies—whether focused on traditional oil and gas or low-carbon and renewable energy—will drive the rapid development of the high-end offshore equipment manufacturing sector!
Insight 3:
Chinese capital is venturing abroad, fueling the progress of global offshore projects!
At the conference, Chief Researcher at CDMC Group, delivered a keynote report titled Global High-End Offshore Supply Chain Strategy and Future Outlook. He outlined three major insights into industry development and officially launched several significant publications:
-2024 Special Report on the Global Floating Production Platform Supply Chain
-2024 Global Floating Production Facilities Map
-2024 Global Floating Offshore Wind Project Industry Map
-2024 China Offshore Wind Turbine Manufacturing Industry Map
-2024 China Offshore Wind Policy Distribution Industry Map
Can China catch up with Europe in floating offshore wind? A comparison of the floating offshore wind industry chains in China and Europe reveals that Europe leads in terms of technological advancement and maturity, particularly in dynamic cables, survey and design, and floating foundations, where the differences are significant. The gaps are smaller in centralized grid connection, mooring, and anchoring systems. In manufacturing capacity and process sophistication, Europe is generally stronger. However, China's comprehensive industrial system enables it to match Europe in the manufacturing of floating foundations and mooring/anchoring systems. From a product perspective, the market shares and product reliability of Chinese and European companies show minimal differences, but Chinese products offer significant price advantages. Moreover, China's large-scale offshore wind industry surpasses Europe, giving it a slight edge in floating wind turbines derived from this expertise. Overall, while China's key technologies and industry chain for floating offshore wind lag behind Europe's, its rapid offshore wind development and decades of experience in the offshore oil and gas sector have significantly reduced the gap. In areas such as floating turbine units, floating foundation construction, and mooring/anchoring system manufacturing, China is not far behind Europe.”
“Floating offshore wind power in deep-sea areas is becoming an inevitable trend. Globally, 80% of offshore wind resources are located in waters deeper than 60 meters. Offshore turbines in these areas generate 70% more electricity annually than onshore turbines with the same capacity. At present, the primary markets for floating wind power remain in Europe.
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Pre-Conference: Closed-Door Roundtable on Floating Production Supply Chain
On October 29, a high-level closed-door roundtable was held ahead of the main conference. Senior executives from key industry players, including China State Shipbuilding Corporation, Shanghai Waigaoqiao Shipbuilding Co., Ltd., Hudong-Zhonghua Shipbuilding (Group) Co., Ltd., Sinopec Shanghai Offshore Oil Bureau, COSCO Shipping Heavy Industry Co., Ltd., Wison New Energy Technology Co., Ltd., MODEC, EXMAR, Shanghai Huaren Dadong Dockyard Co., Ltd., and SBM Offshore, engaged in in-depth discussions.
Topics included enhancing shipyards’ and builders’ core competitiveness amid the shift of the global high-end offshore equipment supply chain to Asia, the transformation and upgrading of China’s high-end offshore manufacturing industry, comparative advantages between China, South Korea, and Singapore, financing strategies for global offshore projects, and the talent needs for the future of the high-end offshore industry.
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Post-Conference: Site Visit to Shanghai Waigaoqiao Shipbuilding Co., Ltd.
Shanghai Jiao Tong University Journal Center - 10th Anniversary Celebration and Development Symposium of the Journal of Ocean Engineering Equipment and Technology
The 10th-anniversary celebration and development symposium of the Journal of Ocean Engineering Equipment and Technology were held during the conference. Shanghai Jiao Tong University emphasized the journal’s role in advancing the discipline. The journal continues to drive innovation, nurture talent, and promote industry-academia collaboration, aiming to publish cutting-edge research and support progress in ocean engineering.
At the journal development seminar, leaders reviewed Marine Engineering Equipment and Technology's progress in indexing, awards, and conferences, reaffirming its mission to drive academic excellence, foster industry collaboration, and support China's maritime strategy.
The R4S-Class Mooring Chain Connector Launch and ABS AIP Certificate Award Ceremony
National Technology Innovation Center, PowerChina, China Three Gorges, SPIC, ABS, DNV GL, China Offshore Oil Engineering, and others, attended the event to witness this milestone and express their support for Jihai’s future development.
Offshore Wind Networking Banquet–Exploring Northern Ireland’s Offshore Opportunities
On October 30, Invest Northern Ireland, in collaboration with the 7th Asia Offshore Wind Conference organizing committee, hosted a networking dinner focused on offshore wind. Richard Brian Seymote, Regional Director of Invest Northern Ireland, presented the region’s strengths and achievements in the offshore wind sector. Highlighting Northern Ireland's advanced manufacturing, engineering expertise, and innovative ecosystem, he emphasized the opportunity for deeper collaboration with China to advance offshore wind technology. The event fostered closer ties and
Promoting Global Supply Chain Sustainability and Business Opportunities
Recently, Nantong Jihai Marine Equipment Co., Ltd. received the American Bureau of Shipping (ABS) Approval in Principle (AIP) for its first floating wind power R4S-class underwater mooring chain connector. The company hosted the launch event and ABS AIP certificate presentation at the conference.
Leaders and guests from various organizations, including the Yangtze River Delta
Special Report: Global Hotspots – Unveiling Promising Development Opportunities
Brazil, the Philippines, Vietnam, South Korea, Malaysia, Myanmar, Spain, Nigeria, and Mozambique
Ziyue WANG, Head of Research, China, BloombergNEF
Yicheng WANG, Project Coordinator, China Renewable Energy Engineering Institute
David Carrascosa, Chief Operation Officer, Saitec Offshore Technologies
Carlos Casanovas, President & Chief Technology Officer, X1 Wind
Xue DONG, Project Manager, PowerChina Huadong Engineering Co., Ltd.
Alma Roxas-Aguila, Head of Philippines, Corio Generation
Supa Waisayarat, Country Director-Vietnam, Super Energy Corporation
Chunlei JIANG, Head of Overseas Market, CCCC Haifeng Wind Power Development Co., Ltd.
Luiz Bispo, Superintendent of Operational Safety, ANP - National Agency of Petroleum, Natural Gas and Biofuels
Sam Shen, Marketing Director, MEA, Offshore Oil Engineering (Qingdao) Co., Ltd.
Ts. Syed Saggaf Syed Ahmad, President, MOGSC
THAN Min, Former Deputy MD, MOGE
Soe Aung, Chief Researcher, MOGE
ZAW Naing, CEC, MOGSS
Joseph INAM, Supply Chain Materials Operation, ExxonMobil
Neklim Adelino Niacuveia, Contract/Procurement Associate, Mozambique Rovuma Venture SpA
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