Shanghai: Jiangsu New East Marine Equipment Co (JNEME) has been reinstated on the ‘white list’ of companies recognised by China’s ministry of industry and information technology.
JNEME, which is owned by Singapore-listed JES International Holdings, was removed from the ‘white list’ in September 2014.
The ‘white list’ is an initiative launched by the Chinese government in July last year through which quality shipyards are recognised and granted greater access to financial support from banks.
The ‘white list’ currently comprises 60 state-owned and privately owned Chinese shipyards.
