Greater ChinaShipyards

State-run player to revive Quanzhou Shipyard

State-run Quanzhou Transportation Development Group (QTDG), the new owner of Quanzhou Shipyard, plans to invest RMB2bn ($309m) to support the restructuring of the yard.

The group took over the Titan Petrochemical-controlled shipyard for RMB1.2bn via an auction in February after the shipyard entered into a liquidation process last year.

Following the completion of asset restructuring, QTDG is looking to resume shipbuilding, ship repair and offshore equipment construction business at the yard.

Quanzhou Shipyard has two 300,000 dwt drydocks and another two 10,000 dwt drydocks, and in the past has mainly built tankers.

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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