Sinotrans & CSC Shipbuilding maintains bulker focus

Dalian: Sinotrans & CSC Shipbuilding Industry Corporation, the shipbuilding division of state run shipping giant Sinotrans & CSC, is putting its focus on a specific market segment to deal with the depressed shipbuilding market.

An official of Sinotrans & CSC Shipbuilding told SinoShip News that the company is currently focused on the construction of 82,000 dwt and 64,000 dwt bulkers and has no plans to diversify. The company’s affiliated shipyards including Jinling Shipyard and Qingshan Shipyard have both received considerable orders this year.

The official reckons the offshore market might also face the overcapacity problem as too many players have entered the market, and Sinotrans & CSC Shipbuilding is not so keen to enter the market for now.

The official remained tightlipped on plans to build a replica of the Titanic. Jinling Shipyard had tied up with Australian mining tycoon Clive Palmer to build Titanic II, but the construction has since been cast into doubt. Confidentiality agreements between Palmer’s Blue Star Line and the shipbuilder meant the spokesperson was unable to provide any update on the proposed cruiseship construction.  [23/10/14]
 

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