Greater ChinaShipyards

Guangzhou Shipyard International relocation delayed

Guangzhou: Guangzhou Shipyard International (GSI)’s relocation plan has been delayed. The shipyard scheduled to relocate its main shipbuilding base to affiliated Longxue Shipyard before 2015. However, the shipyard is still operating normally and not showing any sign of relocating.

GSI ‘s current shipbuilding facility occupies nearly 500,000 square meters land in the downtown area of Guangzhou. The city government has required the shipyard to relocate to meet the city’s development demand.

GSI is expected to be given around RMB10bn ($1.6bn) compensation from the local government for the relocation.

An official from the shipyard told Splash that the relocation is still under planning and the shipyard hasn’t decided on the exact time to relocate, adding that the shipyard is busy working on a series of newbuild projects.

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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