Zhaoshang Shipbuilding Qingshan Shipyard officially completes renaming and restructuring

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On May 7, Changhang Group Wuhan Qingshan Shipyard Co., Ltd. was officially renamed China Merchants Shipbuilding Industry Group Wuhan Qingshan Shipyard Co., Ltd.

Information from the National Enterprise Credit Information Publicity System shows that Qingshan Shipyard completed major changes in investors and enterprise type on March 26: the shareholder was changed from China Changjiang National Shipping Group Co., Ltd. to Shenzhen China Merchants Offshore Engineering Investment Co., Ltd.; the market entity type was changed to a limited liability company (wholly owned by a foreign-invested enterprise legal person), and the equity was formally incorporated into the China Merchants Shipbuilding Industry system. At the same time, Qingshan Shipyard’s business scope has also added core licensed business items such as shipbuilding, ship repair, and offshore engineering equipment construction.

It is understood that Qingshan Shipyard is a backbone shipbuilding enterprise of China Changjiang National Shipping Group, originating from the repair plant of China Merchants Group Hankou Branch established in July 1950, and successively used names such as the First Ship Repair Plant of the Changjiang Shipping Administration Bureau and the Hankou Shipyard of the Changjiang Shipping Administration Bureau. It moved to Qingshan in 1960.

Qingshan Shipyard was once the largest civilian ship manufacturer in Hubei Province. Over 69 years, it has built a total of 630 ships, including 218 export ships. It was hailed as “China’s best chemical tanker shipyard” and created many industry firsts. Among them, in 1996, it built the first 818TEU container ship exported to Germany by a domestic inland river shipyard; in 2002, it developed the first domestic 18,500-ton duplex stainless steel chemical tanker; in 2006, it delivered the first domestic 3,750-ton variable frequency electric propulsion product tanker; after 2008, Qingshan Shipyard built 57,000-ton bulk carriers in batches, setting records for the largest tonnage built in Central China and the largest tonnage launched on a world transverse slipway.

At the end of 2015, through overall planning at the national strategic level, Changhang Group was merged into China Merchants Group, becoming a subsidiary of China Merchants Group. In November 2017, Qingshan Shipyard’s name was changed from the original “China Changjiang National Shipping Group Qingshan Shipyard” to “Changhang Group Wuhan Qingshan Shipyard Co., Ltd.”, becoming a third-level unit of China Merchants Group.

In active response to the national call to strengthen supply-side structural reform and “reduce overcapacity”, in April 2018, Qingshan Shipyard completed the delivery of a 43,000-ton bulk carrier built for a German shipping company, and subsequently completely withdrew from the shipbuilding market, transitioning into fields such as steel structure manufacturing and ship repair and conversion.

In February of this year, Qingshan Shipyard completed the signing of share transfer and asset handover, transferring to China Merchants Shipbuilding Industry Group. Relying on China Merchants’ full industry chain resources, it returns to the shipbuilding market, focusing on the manufacturing of small and medium-sized high value-added ships such as chemical tankers, multi-purpose heavy-lift ships, and 1800TEU container ships, becoming another important shipbuilding base under China Merchants Shipbuilding.

Last month, Qingshan Shipyard held a signing ceremony with Zhonggu Logistics for a contract to build 10 1800TEU container ships. This signing is the first major order obtained by Qingshan Shipyard after joining China Merchants Shipbuilding. The total contract amount is approximately 2.7 billion yuan, and the new ships are expected to be delivered in 2028-2029.