Greater ChinaOffshoreShipyards
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.