Seven yards make China’s new offshore white list

Seven yards make China’s new offshore white list

China’s Ministry of Industry and Information Technology (MIIT) has released the first white list for offshore shipyards, having issued a notice to domestic yards in July asking them to submit applications.

Only seven state run yards have won qualifications for the first batch of the list, made up of CIMC Raffles, ZPMC, Cosco (Qidong) Offshore Engineering, Cosco Nantong Shipyard, Shanghai Waigaoqiao Shipbuilding, China Merchants Heavy Industry and Dalian Shipbuilding Industry Offshore.

The central government is hoping the white list can optimize offshore building capacity and promote merger and acquisitions in the industry, with shipyards on the list enjoying favourable policies from the government and banks.

Last year, the central government also released a white list for the commercial shipbuilding industry.

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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