Ship and ocean engineering equipment is the foundation for ocean transportation, resource development, scientific research, rights protection, and other activities, which is crucial for boosting China's strength in manufacturing and marine development. Therefore, it is necessary to summarize the development achievements and plan the future layout of China's ship and ocean engineering equipment industry, thus to consolidate the advantages and promote the high-quality development of the industry. This study sorts out the current development status of China's ship and ocean engineering equipment from aspects including overall progress, development of key ship and ocean engineering equipment, and development experience. Based on the analysis of the development environment, the study clarifies the development trends of the industry, such as emphasis on environmental protection and high efficiency; digitalized, intelligent, and unmanned development; as well as diversified and integrated development of deep-sea resources. Toward the future, efforts could be focused on developing ocean-going transport ships, green and intelligent inland river ships, deep-sea oil and gas resource development equipment, new marine resources development equipment, general equipment for deep-sea exploration and operations, and comprehensive support equipment for deep-dea and far-sea areas. Common and key technologies are suggested, such as energy conservation and environmental protection, digitalization and intelligence, power and energy, test verification, key materials, and intelligent manufacturing. Meanwhile, cutting-edge technologies represented by intelligent design and optimization, autonomous navigation transport ships, and unmanned workshops/shipyards are proposed. The above-mentioned development recommendations aim to promote the research and development of high-end ship and ocean engineering equipment, drive the engineering application of key system equipment, and solve the problem of weak capabilities in basic and frontier technologies.