Shanghai Shipping Maritime Technology, a subsidiary of Cosco Shipping, has inaugurated a new ship repair yard in Zhoushan.
The new yard, located on Liuhengdao of Zhoushan, will be an addition to Cosco Shipping Heavy Industry’s existing ship repair business in Dalian, Nantong, Zhoushan and Guangzhou.
The yard is expected to serve the growing demand for drydocking, especially due to upcoming IMO sulphur and BWTS regulations.
Zhoushan is a major ship repair base in China, and was home to over 100 ship repair yards at its peak however saw a large number of yard bankruptcies in the past few years.
