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China appoints the country's future shipyards

The Chinese authorities have published a list with the names of 51 select shipyards who can look forward to special state support in the future.

Photo: Erria

China has published a list of 51 shipyards that comply with the criteria for state support in the form of favorable export and bank credits. The list forms part of China's 2020 plan for the country's maritime industry, announced on Wednesday this week.

According to news agency Reuters, the list includes names such as heavily indebted China Rongsheng, Singapore-listed Yangzijang's new Yangzi yard along with two Sinopacific Shipbuilding shipyards.

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