Jiangsu authority shuts down 23 shipbuilding projects to curb overcapacity

Jiangsu authority shuts down 23 shipbuilding projects to curb overcapacity

The Jiangsu division of China’s National Development and Report Commission has released a notice that it has shut down 23 shipbuilding expansion projects in order to curb overcapacity in the industry.

The projects that have been shut down include the shipyard expansion project in Jiangsu Hantong Ship Heavy Industry, drydock construction and conversion projects in Nantong Mingde Heavy Industry, Yazhou Dayng Shipbuilding, Sainty Marine, and Wison Heavy Industry, and the shipyard relocation and expansion project of Jiangsu New Yangzi Shipbuilding.

The commission said it will tighten the supervision on new shipbuilding capacity in the province and promote mergers in order to optimize capacity.

According to statistics from China Association of National Shipbuilding Industry, Chinese shipyards’s newbuilding orders declined by 65.4% year-on-year to 18.16mdwt in the first nine months of 2015.

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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