Amid struggle, wave of variety in vessels rises

With Chinese shipyards' key customers of the global oil industries struggling to raise prices due to pressure from greener energy such as wind power, natural gas and green vehicles like those made by Tesla, the former are looking to stay afloat by building more offshore facilities and specialized vessels than low-end oil rigs.

China Shipbuilding Industry Corp, one of the country's major State-owned shipyards by revenue, plans to become more proficient in building floating offshore platforms, ocean farming facilities, asphalt tankers, dredgers, derrick pipe-laying, cement vessels and heavy lift vessels, which will allow it to diversify its product portfolio and broaden customer base.

Last month in Qingdao, East China's Shandong province, CSIC's Wuchang group delivered the world's first group of intelligent offshore ocean farming facilities to its Kverva, Norway-based client SalMar ASA. Wuchang Group will also export six offshore fish farms to Norway to help upgrade the local salmon farming business.