DSIC Dissolves Dalian Daeyang Shipyard

China’s Dalian Shipbuilding Industry Corporation (DSIC) has agreed to merge with the bankrupt Dalian Daeyang Shipyard, after which Daeyang will be dissolved and deregistered.

DSIC will be the surviving company with its registered capital of CNY 8.5 billion (USD 1.37bn) remaining unchanged. All creditor’s rights and debts of DSIC and Daeyang, with its registered capital of CNY 901.2 million, shall be assumed and borne by DSIC.

Daeyang was a subsidiary of South Korean shipping company Daeyang Shipping until January this year, when DSIC acquired 100% of equity shares in the shipyard.

The shipyard has been operational since May 2009, specializing in conversions and ship repairs at its 300,000 ton and 100,000 ton dry docks.

Located two miles away from the port of Dalian and one mile away from the Dalian anchorage, the shipyard extends over an area of 560.000 square meters.

Additionally to the dry-docking facilities, the shipyard utilises repair berths of a total of 1,310 meters in length with a minimum drought of 7.5 meters, as well as workshops and related facilities.

DSIC plans to upgrade the shipyard and use it to construct navy vessels and LNG carriers.

Share this article

Follow World Maritime News

In Depth>


<< Feb 2020 >>
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 1

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

Belgian Offshore Days 2020

During this event, a conference will be held with focus on “Increasing value by data driven innovation…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >

World Future Ports Summit 2020

This event will bring together ports and maritime shipping professionals from global leading companies and authorities to discuss recent digital technologies…

read more >