In the first half of 2018, the global Marine engineering equipment operation market continued the mild recovery trend since the second half of 2017 due to the rising oil price. Equipment utilization rate increased further, and the industry continued to optimize and integrate. But the overall equipment construction market remains sluggish, with limited demand for new construction. In the first half of 2018, a total of 36 ships/seats and 5.3 billion us dollars of various kinds of Marine engineering equipment were sold worldwide. In terms of amount, the year-on-year decline was about 23%.