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Electric vessels are becoming a new growth driver for the shipping industry.
Against the backdrop of the global shipping industry accelerating its transition toward a green and low-carbon future, electric vessels—with their core advantages of “zero emissions, low noise, and high energy efficiency”—are emerging as a key growth driver that is helping the shipbuilding industry break through traditional growth bottlenecks. According to forecasts by EVTank, by 2026, China’s electric vessel market will surpass 36.75 billion yuan, with lithium-battery demand reaching 11.2 GWh. Behind these figures lies a triple resonance of technological breakthroughs, policy support, and market demand.
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The World Marine Equipment Conference Focuses on High-End and Green Development.
In October 2025, the Third World Marine Equipment Conference concluded in Fuzhou. This grand event, themed "Setting Sail on the Prosperous Sea, Leading with Green Innovation," not only carried forward the enduring theme of "Bearing Human Dreams and Sailing Toward the Stars and Oceans" but also focused squarely on high-end development and green transformation, outlining a clear path for the global marine equipment industry’s upgrade and transformation. From breakthroughs in cutting-edge, heavy-duty equipment to technological innovations in green propulsion; from strategic deployments of deep-sea heavy machinery to the deep integration of intelligent systems—this conference, a veritable feast of technology and industry, announced to the world that the future of marine equipment is being firmly grounded in high-end innovation and steered by green leadership.
The United Nations Convention on the International Effects of Judicial Sales of Ships
The 77th session of the United Nations General Assembly adopted, by consensus, the United Nations Convention on the International Effects of Judicial Sales of Ships and authorized the signing ceremony to be held in Beijing on September 5, 2023. This international maritime convention, named after a city in mainland China, marks a milestone breakthrough in the global rule-of-law framework for shipping, filling a legal gap in the area of the international effects of judicial sales of ships and providing a unified set of rules for resolving property rights disputes arising from cross-border ship transactions.
China Maritime Day Announcement: Promoting the Large-Scale Commercialization of Smart Ships
On July 11, 2025, the 21st China Maritime Day and the “World Maritime Day” will kick off simultaneously across China. This festival, imbued with blue dreams, is themed “Green Shipping, Striving for New Strength,” and conveys to the world China’s firm commitment to advancing its maritime sector toward high-quality development. As the world’s largest goods-trading nation and the second-largest economy, China is taking large-scale commercial deployment of smart ships as a breakthrough point to accelerate the construction of a new smart shipping ecosystem, offering a Chinese solution for the global shipping industry’s green transformation.