In 2024, the global offshore market witnessed a countertrend rebound with a double-digit surge in order values, indicating a renewed market recovery. Optimistic signals have emerged in the current offshore market. On the demand side, the expectation of international oil prices stabilized around $70 per barrel with minor fluctuations. The emerging nations continue to show great potential in offshore oil and gas exploration. Under the background of offshore oil accelerating towards the deep seas, orders for large-scale high-value oil and gas equipment such as floating production storage and offloading units (FPSOs) and floating liquefied natural gas systems (FLNGs) remain substantial. The rapid growth in demand for the offshore wind market and the imbalance in ship supply among various countries are still intensifying. On the supply side, the supply of the fleet will keep tight, and the production load of shipyards will remain full. Additionally, increasing stringent green and environmental protection requirements in maritime field are accelerating the demand for fleet renewal and the green transitions among offshore shipowners, in order to meet the new specification requirements.