August 7, Jiangsu Watts Energy & Engineering (WE) and COSCO Shipping Heavy Industry (Shanghai) cooperated to hold the inauguration ceremony of the new plant. The inauguration of this new plant marks that the two shipbuilders have joined hands in the field of ship repair and conversion and are moving towards a new development journey together.
WE and COSCO Shipping Heavy Industry (Shanghai) continue to deepen their strategic cooperation as the focus of their cooperation. This year, dozens of large vessels undertaken by COSCO Shipping Heavy Industry (Shanghai) have been repaired at WE and successfully delivered. The repaired vessels cover a wide range of ships, including bulk carriers, general cargo ships, tankers etc. WE’s professional technical team developed a detailed repair program in strict accordance with the relevant standards and specifications to ensure that the repair work was completed in high quality, so that the vessels were re-introduced to the shipping market with a new look and better performance.
COSCO Shipping Heavy Industry (Shanghai) is one of the world’s leading companies in the field of ship repair and conversion and offshore engineering equipment with its strong strength and extensive resource network. The cooperation between the two sides is aimed at integrating advantageous resources, jointly exploring the market, giving full play to their respective advantages, realizing resource sharing, complementary technology, and jointly enhancing the core competitiveness in the field of ships. Both sides will work together to create more competitive ship products, contribute to the development of the industry and write a new chapter of win-win cooperation.
COSCO Shipping Heavy Industry (Shanghai) is a first-class large-scale repair and conversion enterprise of special ships and offshore equipment at home and abroad. With an annual capacity of about 400 vessels, COSCO Shipping Heavy Industry (Shanghai) has customers in more than 100 countries and regions all over the world, and is the preferred business partner of the world’s leading offshore oil service providers and world-renowned shipping companies in China.
With excellent docking facilities and geographic location, rich experience in ship engineering, WE is actively expanding its professional capacity in ship repair and ship conversion to provide shipping customers with high-quality, high-efficiency and professional ship engineering services, and has formed professional capacity of dock repair, desulphurization conversion works, ballast water treatment system conversion, mooring conversion, etc., and is capable of undertaking repair and conversion of high-end ships such as liquefied natural gas tankers, etc., with an annual capacity of 120 ships.