44
BAKERTECHNOLOGYLIMITED
ANNUALREPORT2013
NETORDERBOOK TREND
China is an importantmarket for theGroup’smarine offshore business andwas themain contributor of revenue for FY2013,
followed by Singapore. China is in themidst of a strategic shift away from shipbuilding towardsmarine offshore engineering.
According toChina’sMinistryof Industry and Information Technology, in thefirst 10months of 2013 the sector already lodged
US$12.8billionworthof orders, easily surpassing theUS$8.5billion inorders for thewholeof 2012. As apercentageof global
market share, China accounted for 26% in 2013, compared to13% in2012.
Nevertheless, theGroup’s near term prospectswill remain challengingdue touncertainty in the global marketplace.
US$79m
US$64m US$60m
US$49m
US$40m
US$33m
US$55m
Mar’12
Jun’12
Sep’12
Dec’12
Mar’13
Jun’13
Sep’13
Dec’13
US$54m
revenuebygeographicalarea
China
Asia Pacific (excludingChina& Singapore)
NetOrderBook
1%
23%
76%
3%
FY2012
1%
77%
19%
FY2013
2%
25%
11%
62%
Singapore
Middle East
OperatingReview
reap
