China Offshore Threshold: "High"
Future of China's offshore business is getting attentions, while Chinese shipbuilding companies and government all are interested in entries into offshore market.
According to an official from Jiangnan Shipyard, it is hard to get a foot on offshore arena and huge amount of funds are needed for the business.
Added that securement of ship financing and working capital as well as high-end technical skills play important part in offshore sector.
Moreover, large-size dock, quay, etc. for offshore platform are needed to enter offshore business, costing huge investment, which is difficult for one yard to handle.
Lastly, he pointed out that winning orders for offshore plant is by no means easy and previous experience, at least offshore repairing track record, is a key to decide whether to secure contracts or not.