iMarine

A Chinese shipyard was sold, renamed due to U.S. sanctions

According to the National Enterprise Credit Information Publicity System, Zhoushan Wison Offshore & Marine Co., Ltd. has been renamed Zhoushan Tongzhou Marine Engineering Co., Ltd.


National Enterprise Credit Information Publicity System Change Information column shows that on February 10, 2025, Zhoushan Wison Offshore & Marine changed its name to Zhoushan Tongzhou Marine Engineering Co., Ltd. and the investor was changed from Wison New Energies (WNE) to Nantong Tongzhou Enterprise Management Partnership (Limited Partnership). Nantong Tongzhou Enterprise Management Partnership (Limited Partnership) is the sole shareholder of Zhoushan Tongzhou Marine Engineering.

On January 22, 2025, the legal representative and executive director of Zhoushan Wison Offshore & Marines was changed from Liu Hongjun to Wang Zhifeng. Liu Hongjun is the legal representative and ultimate beneficiary of WNE.

This means that WNE eventually could not bear the pressure of U.S. sanctions and sold its Zhoushan base.

Zhoushan Wison, October 2024, name erased from gantry cranes

Public information shows that Zhoushan Wison Offshore & Marine was established in 2007, originally a wholly-owned subsidiary of Wison Group, located in Zhoushan City, Zhejiang Province, Daishan County, Xiushan Island, covers an area of 1.5 million square meters, with a 400 m x 120 m offshore dock, with 800 tons of large-scale gantry cranes. Its products cover FLNG, FSRU, FSRP, onshore LNG plant, offshore wind power and other large-scale clean energy equipment.

Zhoushan Wison is the second Chinese shipyard to be sanctioned for its involvement in the manufacture of modules for Russia’s Arctic LNG 2 project, after Penglai Jutal Offshore Engineering Heavy Industry Co., Ltd. (PJOE).

In June 2024, WNE issued a statement

In June last year, after PJOE was sanctioned, WNE announced that it would withdraw from the Russian market indefinitely and “decided to sell all of its shares in Zhoushan Wison”, and now the sale has been completed.

After Zhoushan Wison was sold, WNE still owns the Nantong base and is building a new base in Qidong.

According to the description on its official website, Nantong Wison, 135 kilometers away from its headquarters Shanghai, is mainly engaged in hull construction, SPB tank manufacturing and small and medium-sized module construction. The shipyard covers an area of 800,000 square meters and has a 370m x 68m x 12m dock with one 2,000-ton gantry crane and two 440-ton bridge cranes.

On February 5th of this year, WNE officially started the construction of the base in Qidong, with an estimated total investment of 9 billion RMB. The base covers an area of about 1.2 million square meters and has a 520-meter-long and 90-meter-wide offshore dock with one 2,400-ton gantry crane and two 300-ton cranes. The first phase of the project is expected to be completed and put into operation in the fourth quarter of 2025 and will focus on the construction, integration and commissioning of large hulls (FSRUs, FPSOs, etc.) and modules.

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