Financial Ports

Guangzhou launches $300m state shipbuilding giant

CLAVE 1 / 4RMB2bn ($300m) registered capital for new state-owned Guangzhou Marine Equipment Group.

CLAVE 2 / 4Group aims for $3.9bn business scale by 2030, integrating propulsion, retrofits and leasing.

CLAVE 3 / 4Wholly owned by Guangzhou Industrial Investment Holding Group, with municipal government backing.

CLAVE 4 / 4New $1.09bn shipbuilding base at Longxue North expected to complete in 2029.

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