For the past 28 years, Marintec China has played a role in bringing international industry players together in one location to share the latest technology news and valuable experiences at the exhibition, various technical seminars and other events. The scale of the show has grown increasingly larger, as well as the scope of products on display. This is not surprising since China is experiencing exponential market growth and industry players from all over the world are keen to find the key to mapping their China business strategy.
At Marintec China 2007, 1,158 exhibitors met 35,309 visitors from 87 countries and regions. This represents a 40% increase in the number of overseas visitors, demonstrating that there is indeed a need for both exhibitors and visitors to have a dedicated event at which they can exchange ideas and create business opportunities. Marintec China meets these needs perfectly, providing the ideal interactive platform.
The fast pace of growth in China's shipbuilding industry is irrefutable. In a 2007 industry review, figures reveal that China achieved an overwhelming record in terms of booked orders for new ships, at 103.6 million DWT, surpassing Korea's 94.8 million DWT and becoming the world leader in this sector for the first time. In addition, China's new ship tonnage and new ship order tonnage have soared to 18.93 million DWT and 98.45 million DWT, respectively, accounting for 23% and 42% of the world market share. China also recorded a 20.4% annual increase in TEUs in 2007, up to 26.15 million, from container throughput at the country's ports. This accounts for 23% of China's total throughput and was the second-largest total in the world. Meanwhile, the CSSC announced that its profit almost tripled in 2007, thanks to increased output and improved production efficiency, which helped net income rise from RMB5.2 billion to RMB14 billion. All this encouraging evidence boosted the confidence of both domestic and international industry players, and encouraged them to continuously invest effort and resources in the region. Once again, Marintec China provided the link between China and the rest of the world, creating opportunities for industry players to interact face-to-face.