Economy

In the first three quarters, China's total marine production value was 7.9 trillion yuan, and the development of emerging marine industries accelerated

2025-11-04   

On November 3rd, the reporter learned from the Ministry of Natural Resources that in the first three quarters of this year, China's marine economy showed a good situation of steady progress. Preliminary calculations show that the total value of marine production in the first three quarters was 7.9 trillion yuan, a year-on-year increase of 5.6%. The relevant person in charge of the Marine Strategic Planning and Economic Department of the Ministry of Natural Resources stated that in the first three quarters, coastal areas and marine related departments accelerated the cultivation and development of new marine productivity, the development trend of the marine industry was good, the supply of marine resource elements was stable, the overall operation of enterprises was good, the innovation of marine science and technology was significant, and the foreign trade of the ocean was steadily advancing, providing solid "blue support" for the development of the national economy. In the next stage, we need to accelerate innovation in marine technology and industrial upgrading, vigorously cultivate new quality productivity in the ocean, promote new achievements in the high-quality development of China's marine economy, and assist in the construction of a maritime power. In the first three quarters, the cornerstone role of traditional marine industries remained stable and played a positive role in the development of major traditional marine industries. ”The above person in charge introduced. The overall development of the marine shipbuilding industry is stable, with a year-on-year increase of 6.7% in the completion volume and 25.7% in the number of orders held by ships in the first three quarters. The newly received orders, completed shipbuilding, and held orders accounted for 63.5%, 47.3%, and 58.6% of the world market share, respectively, based on the revised total tonnage, continuing to maintain global leadership. The technological innovation and supply capacity of green ship products continue to improve, and China's international market share of new green ship orders has reached 70.6%. The person in charge stated that with the implementation of favorable policies and the increasing willingness of residents to travel, there has been innovative supply of cultural and tourism products in coastal areas, and the marine tourism market has shown a development trend of both supply and demand. In the first three quarters, the added value of marine tourism industry increased by 7.0% year-on-year, and the volume of marine passenger transport and passenger turnover increased by 3.0% and 3.8% respectively year-on-year. The popularity of cruise tourism continues to rise, with 344 cruise ships and 2.05 million passengers entering and leaving the national cruise ports in the first three quarters, an increase of 17% and 28% year-on-year, respectively. From January to mid September, the number of foreign tourists taking cruise ships from Shanghai port increased by about 77% compared to the same period last year. At the same time, emerging marine industries are accelerating their development. The development of marine engineering equipment manufacturing industry is stable. The newly added grid connected capacity of offshore wind power increased by 42.1% year-on-year. The delivery of marine engineering equipment and the amount of handheld orders increased by 13.6% and 7.0% respectively year-on-year. The research and development of marine drugs is progressing in an orderly manner, and LY104 injection with independent intellectual property rights has been officially approved for clinical trials. According to Clarkson data, in the first three quarters, the amount of newly undertaken orders, delivered orders, and held orders for China's offshore equipment accounted for 60.0%, 50.8%, and 61.9% of the international market share, respectively, continuing to rank first in the world. The person in charge introduced that new breakthroughs have been made in marine engineering equipment products in various fields, 24 sets of domestic 2000m international ultra deepwater marine equipment have been delivered, China's first deepwater oil and gas underwater robot with seven functions has been put into use, the world's largest single unit capacity of the floating wind power platform "Sanxia Pilot" basic platform, and the world's first 80000 ton sea breeding factory ship "Senhai Pioneer" have been delivered successively. Positive progress has been made in the research and development of marine drugs and biological products. In the first three quarters, the overall operation of maritime enterprises improved, innovation investment continued to increase, and production and operation confidence was boosted. The survey results of the Ministry of Natural Resources show that with the policy dividends of expanding domestic demand and promoting consumption accelerating nationwide, 55.6%, 54.2%, and 80.1% of enterprises achieved year-on-year growth in operating income, profit, and number of workers in the first three quarters, respectively, which are higher than the first half of the year. 24.4% and 64.5% of companies respectively hold an optimistic and wait-and-see attitude towards the economic environment in the fourth quarter. 24.3% and 51.3% of companies expect their operating profits to increase or remain stable compared to the third quarter. 90.6% of companies expect the average number of workers to remain stable or increase in the fourth quarter. China's maritime foreign trade remains stable, and the resilience of maritime foreign trade continues to be demonstrated. The person in charge stated that the total import and export volume of sea freight in the first three quarters of this year increased by 1.7% year-on-year, with a growth rate 0.6 percentage points faster than the first half of the year. The year-on-year growth rate of foreign trade throughput in coastal ports also accelerated compared to the first half of the year, and the overall trend of sea freight trade showed a recovery and improvement. The competitive advantages of high-end, intelligent, and green seafood products have emerged, helping to optimize the foreign trade structure. In the first three quarters, the export value of wind turbines, parts, and ships increased by 23.9% and 22.4% year-on-year, respectively. (New Society)

Edit:Yao jue Responsible editor:Xie Tunan

Source:China Securities Journal

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