Jiangsu Yangzijiang Offshore Engineering, a subsidiary of Yangzijiang Shipbuilding, has entered into agreements with strategic partners to establish a joint venture company in China for offshore structure construction.
The new company, Jiangsu Yangzi Chengkang Marine Equipment Co. Ltd. (JYCMECO), will mainly be involved in structure fabrication of steel pipe piles for international seas, ports, bridges and offshore projects, including offshore wind.
JYCMECO will mainly focus on design, fabrication, maintenance, installation and sale of spiral and straight welded pipes and steel structures, metal materials processing, wholesale and retail, import and export of the mentioned products, as well as providing relevant technical advice and after-sales services.
The company’s board emphasizes that the company will be engaging in a comprehensive and integrated business including design, fabrication and consulting services only and not involved in the upstream steel-making business.
Currently, China ranks third in the world in terms of installed offshore wind capacity, behind the UK and Germany.
At the end of 2016, China had 1,627MW of installed offshore wind capacity, while the aim is to have 5GW of installed capacity by 2020.