Recently, Shanghai Changjiang Shipping, a subsidiary of China Yangtze Shipping Group, completed the entire procurement process of the “82,000 DWT bulk carrier design and construction procurement project” and officially determined Nantong Xiangyu Shipbuilding & Offshore Engineering (Nantong Xiangyu SOE) as the winning bidder for the project.
According to the previously published candidate announcement, Jiangsu Haitong Offshore Engineering Equipment Co., Ltd. (JSHT) also participated in this bidding process.
Public records indicate that Shanghai Changjiang Shipping is a wholly-owned subsidiary of China Yangtze Shipping Group. Originally established in 1952 as a state-owned shipping enterprise, it is now headquartered in the Shanghai Pilot Free Trade Zone with a registered capital of RMB 479 million. The company primarily engages in waterway freight transportation, international liner shipping, and cruise tourism services, while also covering ship repair and real estate development.
Nantong Xiangyu SOE was established in December 2016 and officially started production on May 11, 2017. It currently focuses on the production of environmentally friendly and energy-saving series bulk carriers, small and medium-sized stainless steel chemical tankers and other high value-added ships. The 64,000 DWT series bulk carriers and small and medium-sized stainless steel chemical tankers are the main products of the shipbuilder, with an outstanding market share.
Nantong Xiangyu SOE currently operates three major shipbuilding bases: its Nantong headquarters, the Rugao base, and the Qidong base (which commenced operations in early August). The Qidong base, which was recently put into production, was originally the land of Jiangsu Hongqiang Shipbuilding Heavy Industry Co., Ltd. (Jiangsu Hongqiang Heavy Industry). It has 16 orders on hand, and the orders have been scheduled until 2028. It mainly builds energy-saving and environmentally friendly series bulk carriers, marine engineering ships and special ships. After the production capacity is fully released, it is expected to deliver 12 to 14 ships throughout the year, with an annual output value of 3 to 4 billion yuan, which can contribute more than 60 million yuan in taxes.
The newly operational Qidong base has secured orders for 16 vessels, with its order book extending through 2028. It mainly builds energy-saving and environmentally friendly bulk carriers, marine engineering ships and special ships. After the production capacity is fully released, it is expected to deliver 12 to 14 ships throughout the year, with an annual output value of RMB 3 to 4 billion, which can contribute more than RMB 60 million in taxes.
In related news, Xiamen Xiangyu Group announced that its controlling subsidiary, Nantong Xiangyu SOE, has applied for listing on the National Equities Exchange and Quotations (NEEQ, commonly known as the “New Third Board”).