Overview of Chinese Shipbuilding Industry
China’s shipbuilder structure is quite simple – two conglomerates that occupy around 60% of the total market share: China State Shipbuilding Corporation (CSSC) and China Shipbuilding Industry Corporation (CSIC), plus some local medium and small sized shipyards. The market distribution is as below.
Shipbuilders |
CSSC |
CSIC |
Other Shipyards |
Market Share |
41% |
18% |
41% |
CSSC and CSIC are state owned enterprises (SOEs) that are engaged in both civilian and military ship building businesses. Both have intimate relationships with the Chinese navy. CSSC manages shipyards in Shanghai and Guangzhou while CSIC focuses on Dalian and other northern facilities.
CSSC major shipyards in Shanghai and Guangzhou:
1. Jiangnan Shipyards (Group) Co., Ltd.
2. Hudong-Zhonghua Shipbuilding Group Co., Ltd.
3. Shanghai Waigaoqiao Shipbuilding Co., Ltd. (SWS)
4. Guangzhou Shipyard International Co., Ltd.
5. Guangzhou Wenchong Shipyard Co., Ltd. (GWS)
6. Guangzhou Huangpu Shipyard
7. Guangzhou Longxue Shipbuilding Co., Ltd.
8. Guangzhou Marine Engineering Corporation (GUMECO)
9. Guangxi Guijiang Shipyard (the maker of 022 Missile Ships)
CSIC shipyards are around the Bohai Bay area:
1. Dalian Shipbuilding Industry Corporation
2. Wuchang Shipyard
3. Shanghaiguan Shipyard
4. Qingdao Beihai Shipbuilding Heavy Industry Co., Ltd.
5. Shenzhen Shipbuilding Trading Co., Ltd.
Other key local shipbuilders:
Nantong COSCO KHI Ship Engineering Co., Ltd.
Xiamen Shipyard Industry Corporation
Mawei Shipbuilding Ltd.
The 5 largest Chinese shipbuilders are: Shanghai Waigaoqiao Shipbuilding Co., Ltd. (SWS), Dalian Shipbuilding Industry Corporation, Nantong COSCO KHI Ship Engineering Co., Ltd., Hudong-Zhonghua Shipbuilding Group Co., Ltd., and Jiangnan Shipyards (Group) Co., Ltd.