Jiangsu Yangzijiang Shipbuilding Group is seeking to diversify its portfolio to cushion it against the shipbuilding downturn.
Described as one of the more enterprising yards in China, ship construction will continue to be the mainstay for the group but its overall contribution will be reduced to 60% as it diversifies into the offshore and shipbreaking sectors. It has set its sight on the latter two businesses contributing 20% each.
“The
