Core Insights - The Shandong Provincial Department of Industry and Information Technology, along with eight other departments, has issued a work plan aimed at stabilizing growth in the shipbuilding and marine engineering equipment industry, targeting over 10% revenue growth by the end of the year [1] - The plan emphasizes the rapid development of new growth points such as new energy vessels and high-end marine engineering equipment, with a focus on maintaining over 60% in the completion volume, new orders, and backlog of new energy-powered vessels [1] Industry Development - Shandong aims to consolidate its traditional advantages in semi-submersible drilling and production platforms, FPSOs, while also expanding into high-end marine engineering equipment such as FLNGs, large aquaculture vessels, and offshore launch platforms [1] - The focus will be on enhancing R&D capabilities for cutting-edge equipment technologies, including underwater robots, marine monitoring sensors, and underwater energy storage devices [1] Ship Type Diversification - The variety of ocean-going vessel types will be accelerated, with a push for large bulk carriers and mineral carriers powered by new fuels like LNG, methanol, and ammonia, as well as hybrid high-end passenger ferries [1] - The development of high-tech vessels such as VLCCs, container ships with capacities over 10,000 TEU, chemical tankers, and unmanned vessels will be prioritized, alongside preparing for the technology reserves needed for large LNG carriers and new fuel bunkering vessels [1]

Core Insights - Shandong Province aims to enhance the shipbuilding and marine engineering equipment industry, targeting over 10% revenue growth by the end of 2026, with a focus on new energy vessels and high-end marine engineering equipment [1] - The province plans to maintain a 60% share in the construction completion, new orders, and backlog of new energy-powered vessels [1] Industry Development - The strategy includes consolidating traditional advantages in semi-submersible drilling and production platforms, as well as FPSOs, while expanding into FLNGs, large aquaculture vessels, and offshore launch platforms [1] - Emphasis will be placed on advancing underwater robotics, marine monitoring sensors, and underwater energy storage technologies [1] Vessel Types and Innovations - The variety of ocean-going vessels will be enriched, focusing on large bulk carriers and mineral carriers powered by LNG, methanol, and ammonia, as well as hybrid high-end passenger ferries [1] - Development of VLCCs, container ships with over 10,000 TEU capacity, chemical tankers, and unmanned vessels will be prioritized, alongside preparations for large LNG carriers and new fuel bunkering vessels [1] Supporting Technologies - Shandong will enhance core supporting technologies such as marine engines, ballast water treatment systems, and new fuel supply systems, promoting integrated, intelligent, and modular development of key components [2] - The province aims to attract critical suppliers for marine electrical equipment, generators, propellers, and deck machinery to further strengthen the industry supply chain [2]

Core Insights - Shandong Province aims to enhance the shipbuilding and marine engineering equipment industry, targeting over 10% revenue growth by the end of 2026, with a focus on new energy vessels and high-end marine engineering equipment [1] Group 1: Industry Development Goals - By the end of 2026, Shandong plans to ensure that new energy vessels and high-end marine engineering equipment contribute to over 60% of the completed construction volume, new orders, and backlog orders [1] - The province will deliver significant "national heavy equipment" projects, reinforcing its traditional strengths in semi-submersible drilling and production platforms, as well as FPSOs [1] Group 2: Technological Advancements - Shandong will enhance research and development capabilities in cutting-edge equipment technologies, including underwater robots, marine monitoring sensors, and underwater energy storage devices [1] - The province aims to optimize and upgrade the shipbuilding industry structure by advancing the construction of large LNG carriers, medium gas carriers, and new fuel bunkering vessels [1] Group 3: Ship Types and Specifications - The development of various ship types will accelerate, including large bulk carriers and methanol-powered vessels, with a focus on green and intelligent upgrades [1] - VLCCs, which are crucial for global oil trade, will be a key focus, alongside container ships with a capacity of over 10,000 TEU, which are essential for container transportation [3][5] - Chemical tankers and gas carriers, known for their stringent construction requirements, will also be prioritized in the industry’s growth strategy [7][9] Group 4: Supporting Technologies - Shandong will strengthen the development of core supporting technologies, such as ship engines, ballast water treatment systems, and new fuel supply systems, promoting integrated, intelligent, and modular development of these products [9] - The province will attract key components like ship electrical systems, generators, propellers, and low-carbon materials to enhance the overall supply chain capabilities [9]