Yangzijiang Shipbuilding, one of China's largest privately-run shipbuilders, is expanding its business portfolio into sectors that seem more promising.
The shipbuilder said bulker and containership newbuilding business will continue to be its core focus but plans more involvement in the offshore, demolition and steel fabrication segments.
It also expects revenue contributions from financial investments, property developments and logistics.
The company intends to “evolve into an integrated marine service provider”.
Meanwhile, the yard's orderbook stood at $3.6bn at the end of September, totalling 75 ships; 40 containerships and 35 bulkers.
Published : November 8, 2012