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Shipbroking, formerly known as Maersk Broker, is reporting that Jiangsu
Rongsheng Heavy Industries, once China’s biggest private shipyard, is to reopen
with the world’s largest containerline as one of its first clients.
Rongsheng has acquired financial
backing, according to the Danish broker, and has won a contract for a series of
12,000 teu LNG dual-fuelled ships from Mediterranean Shipping Co (MSC), a line
that has sought out alternative yards in China for its next wave of expansion.
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Shipbroking is reporting that Rongsheng is also marketing large tankers and
bulk carriers with delivery slots from the end of 2026, with the reactivation
potentially leading to a 1% increase of global shipbuilding capacity. Rongsheng, located in the Yangtze River
Delta, was founded in 2006, and became the largest private shipbuilder in
China, churning out giant valemaxes at its four large dry-docks, before a
massive financial collapse forced it to cease operations in 2014.