Waigaoqiao Shipbuilding launches new offshore yard

Waigaoqiao Shipbuilding launches new offshore yard

Shanghai Waigaoqiao Shipbuilding, a flagship yard of China State Shipbuilding Corporation, officially launched a new offshore unit in Qidong, Jiangsu yesterday.

The new unit Waigaoqiao Offshore Qidong is taking over the yard facility previously operated by offshore equipment manufacturer Honghua Offshore, and will focus on offshore equipment manufacturing and offshore engineering.

In Janaury, Honghua Offshore entered into an agreement with Waigaoqiao to collaborate on offshore business.

In the past two years, Honghua had been trying to dispose of its entire offshore business due to heavy losses but failed with a deal to sell the business to Jiangsu Honghai Energy Equipment last year.

Currently, Waigaoqiao’s offshore orderbook is made up nine jackup drilling rigs and one FPSO.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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