CSSC ups investment in Chengxi Shipyard

CSSC ups investment in Chengxi Shipyard

China State Shipbuilding Corporation (CSSC) has announced that it plans to invest RMB400m ($60.8m) into its affiliate company Chengxi Shipyard to support its development.

CSSC said the investment will help Chengxi Shipyard to develop into an offshore equipment maintenance base to support the country’s oil and gas exploration activities in the South China Sea.

CSSC Chengxi Shipyard is one of the leading ship repair yards in China and it is currently developing its Guangzhou yard into an offshore repair and conversion base.

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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