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13 October 2026

Shagang moves into shipbuilding with Tianjin venture

Downunder Voices Newsroom

Source reporting: Splash247

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Shagang moves into shipbuilding with Tianjin venture

China’s largest privately owned steelmaker, Shagang, has entered the shipbuilding business with the establishment of a wholly owned subsidiary in Tianjin, joining a growing procession of industrial groups looking to capitalise on China’s booming newbuilding market. Jinsha Heavy Industry (Tianjin) has just been registered 8 with capital of RMB70m ($10m). Its business scope encompasses shipbuilding, …

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