In this year to November, global orders for jack-up drilling platform totaled 66 units and these were all placed at Asian yards with China accounting for 53% of all.

According to a Chinese stock firm (aastocks.com), Gao Shang, manager of Offshore Department at China International Marine Containers (Group) Ltd. (CIMC) said as above at "Marintec China 2013" last week and added that China is aiming at development of offshore sector in industrial policy terms amid excess phenomenon of Chinese capital and production. He continued that risks are getting lower as national policy financial institutions and state-run shipbuilders work together while recent Chinese capital is supporting global speculative market of offshore facility and Asian capital is backing global offshore market.

Mr. Gao said that offshore facility industry has a great ripple effect and scarcity in offshore resources and monopoly problem must be solved further going forward. He pointed out that overall development must be driven by the US’ design, facility, oilfield service and operation interlocked with Europe’s design, facility, engineering service, financing, broker and insurance together with shipbuilding ability of China, Korea and Singapore.

Lastly, Mr. Gao stressed that China needs to keep changing the sector of offshore facility construction based on affluent resources while aggressively establishing an innovative and new business model following other countries’ development strategies as examples.