en.Wedoany.com Reported - On May 18, Guangzhou Shipyard International Co., Ltd. (GSI), a subsidiary of China State Shipbuilding Corporation Limited, and Guangdong Provincial Port & Shipping Group Co., Ltd. held a signing ceremony for the Xiaohu Island shipbuilding base joint venture cooperation project at the Guangdong Port & Shipping Building.
Under the principles of complementary advantages, equal cooperation, and win-win development, the two parties will jointly establish a new company with a registered capital of 588 million yuan. The venture will focus on the research, development, and construction of small and medium-sized high-end specialized intelligent ships, striving to build a characteristic small and medium-sized shipbuilding base with an annual output value exceeding 5 billion yuan for vessels such as small and medium-sized ocean-going transport ships and aluminum alloy ro-ro passenger ships. This initiative aims to expand and strengthen the ship and ocean industry ecosystem in the Guangdong-Hong Kong-Macao Greater Bay Area, establishing a new benchmark for high-end shipbuilding in the region.
With the Xiaohu Island shipbuilding base as the core carrier, the project will achieve deep integration between intelligent ship manufacturing and modern port & shipping services, enabling two-way empowerment of equipment manufacturing and industrial operations. The goal is to jointly build a specialized intelligent ship manufacturing base in South China with distinctive features and outstanding core competitiveness, helping Guangdong's shipbuilding industry strengthen and supplement its industrial chain, improve quality, and enhance efficiency.
According to reports, this cooperation is a strategic move by both parties to leverage the locational advantages of the Greater Bay Area, unleash blue economic momentum, focus on developing the marine economy, and optimize and strengthen the shipbuilding industry. The two sides will work closely together, with the firmest determination, the most pragmatic measures, and the most solid actions, to fully promote the high-standard construction, high-efficiency advancement, and high-quality implementation of the joint venture project.
GSI is a core backbone shipbuilding enterprise of CSSC in Guangdong. Relying on its profound accumulation in the field of high-end ships and marine engineering equipment, the company maintains a robust development momentum, with an order backlog exceeding 100 billion yuan. Its "Three Excellent and Three Special" ship type matrix holds a leading position in global market segments.
Guangdong Provincial Port & Shipping Group is a large-scale provincial backbone enterprise in port shipping and logistics in Guangdong. It has been deeply engaged in port shipping, industrial investment, and logistics operations for many years. Its subsidiary, New China Shipyard, carries the profound heritage of Guangdong's shipbuilding industry with over sixty years of brand accumulation.
Nansha District in Guangzhou has been continuously cultivating the ship and marine engineering equipment industry. It has now developed into the largest, most complete industrial chain, and most technologically advanced ship and marine engineering equipment cluster in South China, serving as a core bearing area for one of the nation's three major shipbuilding bases. In 2025, the ship and marine engineering equipment industry in Nansha District, Guangzhou achieved an industrial output value of 45.942 billion yuan, a year-on-year increase of 12.1%; from January to March 2026, it achieved an industrial output value of 12.018 billion yuan, a year-on-year increase of 8.3%. The industry maintains a robust development momentum with continuously improving core competitiveness.
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