Seven yards make China’s new offshore white list

2015-11-13

Seven yards make China’s new offshore white list

China’s Ministry of Industry and Information Technology (MIIT) has released the first white list for offshore shipyards, having issued a notice to domestic yards in July asking them to submit applications.

Only seven state run yards have won qualifications for the first batch of the list, made up of CIMC Raffles, ZPMC, Cosco (Qidong) Offshore Engineering, Cosco Nantong Shipyard, Shanghai Waigaoqiao Shipbuilding, China Merchants Heavy Industry and Dalian Shipbuilding Industry Offshore.

The central government is hoping the white list can optimize offshore building capacity and promote merger and acquisitions in the industry, with shipyards on the list enjoying favourable policies from the government and banks.

Last year, the central government also released a white list for the commercial shipbuilding industry.

Source from :

HEADLINES