China’s largest private shipbuilder has joined forces with two Japanese heavyweights with the aim of boosting production and promoting clean energy in China.
Ren Yuanlin’s Yangzijiang Shipbuilding, Mitsui E&S Shipbuilding and Mitsui & Co have established what the new partners called a “new manufacturing base of new ships”.
“Since the shipbuilding business has recently been exposed to severe competition, shipyards around the world are required to have the ability to provide customers with higher performance and higher quality products for a better price and in a more timely manner," a statement said.
“To respond to these demands in the market, Jiangsu Yangzi-Mitsui Shipbuilding will integrate Mitsui's extensive sales force and YZJ's abundant productivity as well as MES-S's advanced technology to realize an internationally competitive shipbuilding business.”.
Jiangsu New Yangzijiang has an orderbook of almost 70 ships, predominantly larger bulkers and containerships and has delivered more than 300 vessels to the trading fleet, according to data from Clarksons.
Mitsui E&S has 31 ships in its book, largely in the ultramax and panamax dry cargo segments. It also builds containerships and tugs.
“To respond to the increase in demand for clean energy in China, MES-S will offer products that take the conditions of Chinese ports and rivers into consideration, and will make a contribution in the field of the transportation of energy-related products for China,” the new partners said.
