Offshore Co Ltd News Today

As of the end of October, orders for ships have reached 104.44 million deadweight tons in China since the beginning of this year, up 6.5 percent from a year earlier, according to the China Association of the National Shipbuilding Industry, Economic Daily reported on Thursday.

Prompted by shining performances in both stock and energy markets since last year, oil and gas companies have placed more orders in China to build offshore engineering products from floating production storage and offloading (FPSO) ships to ocean engineering vessels to sustain their growth.