Core Insights - The shipbuilding and marine engineering industry in Nantong has seen significant growth in 2023, with completion, new orders, and backlog all increasing by over 40%, and the total output value expected to exceed 200 billion yuan [1][4] - Nantong's unique geographical advantages, including deep-water coastlines, position it as a key player in the shipbuilding and marine engineering sector, despite facing challenges in its industrial advancement [1][2] Industry Overview - The number of shipbuilding enterprises in Jiangsu has drastically decreased from around 1,000 to just over 200, indicating a severe industry reshuffle [2] - The shipbuilding industry in Nantong has shifted from intense competition in low-end markets to a focus on specialization and collaboration among companies [2][3] Technological Advancements - The delivery of China's first A-type LPG cargo tank by Jiangsu Huazi Energy marks a significant milestone, showcasing the capability to produce complex marine equipment domestically [3] - Nantong's shipbuilding industry has developed advanced products such as the world's largest floating production storage and offloading (FPSO) vessel and the first dual-fuel dredging vessel in China [3] Industrial Ecosystem - Nantong has been recognized as a national pilot city for building an industrial chain and supply chain ecosystem, leading to the establishment of a high-tech shipbuilding and marine engineering cluster [4] - The cluster includes 18 national-level innovation platforms and 16 national manufacturing champions, highlighting its strength in the industry [4] Future Directions - The Nantong government aims to enhance the high-end, green, intelligent, and international aspects of the shipbuilding and marine engineering industry, focusing on improving key supporting equipment and core components [5] - The recent industry exhibition attracted 411 companies, including major state-owned enterprises and international participants, indicating a strong interest in the region's marine industry [5]