Nine more Chinese yards added to ‘white list’

Nine Chinese shipbuilding enterprises made it to the second batch of ‘white list’ shipyards, including six state-owned corporations and three privately-run yards.

This second batch, announced by the ministry of industry and information on Wednesday, follows an earlier first batch of 51 listed yards revealed in September, but one yard has been removed to see a remaining 50.

The nine yards in the second batch are Jiangsu Hongqiang Heavy Industry, Taizhou Maple Leaf Shipbuilding, Guangdong Yuexin Ocean Engineering, CSSC Chengxi Shipyard, CSSC Xijiang Shipbuilding, CSIC Chongqing Chuandong Shipbuilding Heavy Industry, CSIC Tianjin Xingang Shipbuilding Heavy Industry, Cosco (Zhoushan) Shipyard, and Avic Weihai Shipyard.

Chinese yards that made it to the ‘white list’ are expected to enjoy financial support from the local banks and gain recognition as a reputable shipbuilder.

A total of 21 shipbuilding companies were actually being reviewed for the second ‘white list’ batch, but so far only nine have passed the criteria.

Including the first batch of 50, a total of 59 Chinese yards are now in the ‘white list’. The brief statement from the ministry did not detail if more Chinese yards will be added to the list.

Observers of the China market believe that the ‘white list’ policy would promote the transformation and upgrading of the shipyards, as well as structural adjustments that would bring about a concentration of resources, rather than the current situation of excessive yard capacity. Such fundamental improvements to the sector would then allow China’s shipbuilding industry to pose greater competition on the international stage.

Posted 11 December 2014

© Copyright 2019 Seatrade (UBM (UK) Ltd). Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Seatrade.

Lee Hong Liang

Asia Correspondent

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