China Merchants Shipbuilding Industry Group
Native name | 招商局工业集团有限公司 |
|---|---|
| Company type | State-owned enterprise |
| Industry | Shipbuilding, Marine Engineering, Offshore Equipment |
| Headquarters | Hong Kong, China |
| Products | Cargo vessels, RoRo/RoPax ships, offshore platforms, cruise ships |
| Owner | China Merchants Group |
| Parent | China Merchants Group |
China Merchants Shipbuilding Industry Group Co., Ltd. (CMI) is a state-owned enterprise specialising in marine equipment manufacturing, shipbuilding, and offshore engineering. It operates as the equipment manufacturing arm of China Merchants Group (CMG), a central state-owned conglomerate under the direct supervision of the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council. Headquartered in Hong Kong, CMI was formerly known as China Merchants Industry Holdings Co., Ltd. before rebranding under its current name in December 2025.[1]
The group has grown into one of China's leading state-owned shipbuilding conglomerates, alongside China State Shipbuilding Corporation (CSSC), which absorbed China Shipbuilding Industry Corporation (CSIC) in 2025
Operations
CMI operates nine major shipyards and seven production bases across four key industrial regions of China: Bohai Bay, the Yangtze River Economic Belt, the Yangtze River Delta, and the Guangdong-Hong Kong-Macao Greater Bay Area. Its business is organised around four core brands: Yiulian Dockyards (ship repair and conversion), China Merchants Heavy Industry (offshore engineering equipment), China Merchants Jinling (specialised vessel manufacturing), and China Merchants Cruise (luxury cruise ship construction). CMI is the world's largest manufacturer of Pure Car and Truck Carriers (PCTCs) and RoPax vessels, and delivered China's first domestically built polar expedition cruise ship in 2019.[2]
Expansion
In 2025, CMI completed the acquisition of Qingdao Yangfan Shipbuilding, a yard founded in 1949 with two dry docks and an annual capacity of up to 1.5 million deadweight tons. The acquisition marked CMI's formal entry into mainstream commercial vessel construction, including container ships and large bulk carriers, two segments where it had previously held limited market presence.[3]
References
- ^ "China Merchants Shipbuilding Industry Unveils New Identity at Maritime 2025, Signaling Strategic Shift". iMarine News. December 2025.
- ^ "About Us — Company Introduction". China Merchants Heavy Industry (Jiangsu).
- ^ "China Merchants expands shipbuilding portfolio with Qingdao Yangfan acquisition". Lloyd's List. April 2025.