Wuhan-based Qingshan Shipyard, an affiliate shipyard of Sinotrans & CSC, is going to quite the shipbuilding business as it looks to transform its business amid the continued recession in the shipbuilding market.
Sinotrans & CSC Shipbuilding Industry, the parent of Qingshan Shipyard, has confirmed that the shipyard will quit shipbuilding after the delivery of the last three ships and switch its focus to steel structures.
An official at Sinotrans & CSC Shipbuilding Industry told Splash that the move is part of its efforts to restructure the company’s assets after the merger between Sinotrans & CSC Group and China Merchants Group.
In the meantime, Qingshan Shipyard is also in negotiations with domestic container shipping company Zhonggu Shipping to convert the shipyard into an intermodal container distribution centre.
Qingshan Shipyard has delivered a total of eight ships so far this year and it is now building two 64,000dwt bulkers for German owner Oldendorff Carriers and one 43,000dwt bulker for Greek owner Phoenix Shipping and Trading.