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 is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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