Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Samsung Heavy Industries to close Ningbo yard

Samsung Ningbo strike.jpg
Striking workers at Samsung Ningbo
Samsung Heavy Industries (Ningbo) is laying off its staff and shutting down the factory following its headquarters in South Korea withdrawal capital support from the Chinese yard.

Shipyard employees are supposed to sign a redundancy agreement starting from 13 September. 

However, workers do not believe the current compensation plan offered by the shipyard is adequate and as result yard workers have gone on strike in recent days. 

Currently, the yard is working on a revised plab for staff compensation.

Samsung said it will close one of its Chinese plants due to decreased productivity caused by its outdated facilities and the company had been in talks with Chinese government to hand over the land and other assets of its Ningbo base early next year. 

After the close of Ningbo plant, Samsung will focus on the operation of its second shipyard in China, Samsung Heavy Industries (Rongcheng) in Shandong province. 

Samsungs Ningbo Shipyard, established in 1995, was the first shipyard Samsung invested in China.


Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.