CSSC Offshore & Marine Engineering leases Yangzhou shipyard to CSSC Chengxi

CSSC Offshore & Marine Engineering leases Yangzhou shipyard to CSSC Chengxi

CSSC Offshore & Marine Engineering (COME) has announced that it has signed an agreement with sister firm CSSC Chengxi Shipyard to lease out its Yangzhou shipyard to the latter through to the end of 2016.

COME, formerly Guangzhou Shipyard International, completed a restructuring in April this year which including the acquisition of Yangzhou Kejin Shipyard.

The company said it planned to transfer its handysize tanker construction capacity to its Yangzhou shipyard, however, it has now cancelled that plan and decided to lease out the shipyard amid a slump in orders.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

Related Posts