Greater ChinaShipyards

Yangzijiang Shipbuilding disposes of stake in marine systems company

Photo of Jason Jiang Jason JiangSeptember 6, 2016
2 Less than a minute

Singapore-listed Chinese shipbuilder Yangzijiang Shipbuilding has disposed of its  20% equity interest in Jiangsu Hailan Marine Systems Technology for RMB29.5m ($4.42m).

Yangzijiang registered a profit of RMB863m ($129m) in the first half of 2016, however, the company has planned to cut around 2000 employees in 2016 to further cut costs down amid the recession in the shipbuilding market.

Photo of Jason Jiang Jason JiangSeptember 6, 2016
2 Less than a minute
Photo of Jason Jiang

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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