Merchants makes yard move

China Merchants Group is buying the Jiangsu Haixin Heavy Industries shipyard in Nantong.

The company wants to expand its offshore construction operations to build semi-submersible platforms, drillships, FPSOs and pipe-laying vessels, Sino Ship News reported.

Most of China Merchants' offshore businesses are currently in southern China.

Haixin has recently signed a contract with China Railway Port and Channel Engineering Group to build a barge and a pipe-layer.