CMIH takes over two major shipbuilding facilities from Sinotrans-CSC

China Merchants Industry Holdings (CMIH) has signed agreement with Sinotrans-CSC China Changjiang National Shipping Group to take over Nanjing Jinling Shipyard and Wuhu Jiangdong Shipyard from the start of 2019.

The move is to part of a continued integration of shipbuilding and repair assets under the arm of China Merchants Group.

Currently, Jinling Shipyard has 39 ships order in hand while Jiangdong Shipyard has four ships order.

Jinling Shipyard, Jiangdong Shipyard, Qingshan Shipyard and Yichang Shipyard, owned by Sinotrans-CSC Shipbuilding Industry, were the four major shipbuilding facilities of Sinotrans-CSC. Qingshan shipyard delivered its last ship in 2018 and exited the shipbuilding market; Yichang Shipyard has also suspended operations, while Jinling and Jiangdong are the two active shipyards of Sinotrans-CSC Shipbuilding Industry.

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Sinotrans-CSC Shipbuilding Industry was merged into China Merchants Group as a part of the overall integration progress between China Merchants Group and Sinotrans-CSC.

CMIH, headquartered in Hong Kong, is in charge of industry asset management for the China Merchants Group. CMIH is one of the fastest-growing offshore equipment builder and ship repair yard in China. The company owns three production bases include Haimen base in Jiangsu, Mazhou Island in Shenzhen and Yiu Lian in Hong Kong.

Posted 02 January 2019

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Katherine Si

China Correspondent

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