Nantong Mingde Heavy Industries Stock has ceased its operation and taken over by Nantong Xiangyu Marine Equipment Co., Ltd. (Xiangyu Marine) a comprehensive shipbuilding and marine equipment manufacturing enterprise established in December 2016. It focuses on producing environmentally friendly and energy-saving bulk carriers, small and medium-sized stainless steel chemical ships, and other high value-added vessels. Its flagship products include 64000 DWT series bulk carriers and stainless steel chemical ships, with leading market share, build speed, and product quality in the industry. The company is based along the Yangtze River's golden shoreline, has a registered capital of 300 million RMB, and employs over 6000 staff. It is recognized as a provincial 'specialized, refined, distinctive, innovative' SME, a provincial 'Five-Star Cloud' enterprise, and holds provincial-level technology and engineering research centers. The company aims to become a top domestic and globally competitive integrated ship and marine equipment manufacturer, pursuing customer satisfaction and creating maximum value for customers. (Ref 5331 of our trusteddocks page for Nantong Xiangyu Shipbuilding & Offshore Engineering Co., Ltd)more