Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › World News › China Steel Mill Turns to Shipbuilding As Industry Booms
World News

China Steel Mill Turns to Shipbuilding As Industry Booms

Bloomberg Markets Monday 12 October 2026, 07:38 UTC By Katharine Gemmell 1 min read
Key Points

China Steel Firm Sets Up Shipbuilding Arm as Industry Booms One of China’s largest private steel-making companies is moving into shipbuilding as the industry enjoys a boom in orders. Shagang Holding Group Co. established Jinsha Heavy Industry (Tianjin) Co. Ltd., a wholly owned subsidiary with registered capital of 70 million yuan ($10.5 million), according to corporate registry database Qichacha.

China Steel Firm Sets Up Shipbuilding Arm as Industry Booms One of China’s largest private steel-making companies is moving into shipbuilding as the industry enjoys a boom in orders. Shagang Holding Group Co. established Jinsha Heavy Industry (Tianjin) Co. Ltd., a wholly owned subsidiary with registered capital of 70 million yuan ($10.5 million), according to corporate registry database Qichacha. The company, incorporated on Oct. 8, has a business scope that includes shipbuilding, vessel design and repair, as well as making marine-engineering equipment.
China (LOCATION) Shagang Holding Group Co. (ORG) Jinsha Heavy Industry (ORG) Qichacha (PERSON)
Originally published by Bloomberg Markets Read original →

Related Stories

Footage shows Glucksmann covered in flour after winning French left-wing presidential primary

French politician and European Parliament member Raphaël Glucksmann was covered in flour on Sunday evening, October 11, 2026, as he was getting into a taxi outside La Cantine de Belleville, a bar in Paris’s 20th arrondissement, where he had been celebrating his primary victory. Video footage shows an individual approaching from behind and emptying a packet of flour over Glucksmann’s head. The incident occurred shortly after Glucksmann secured more than 66% of the vote in the...

Euronews 17m ago

Malaysian PM Anwar’s new budget tackles graft, but critics ask: is it too late?

With his reformist credentials battered by coalition compromises and a looming general election, Malaysian Prime Minister Anwar Ibrahim has used his 2027 budget to launch a fresh wave of anti-corruption measures. But as his government nears its four-year mark, analysts warn that restoring public confidence will require more than additional funding and tighter legislative oversight. The measures, announced when Anwar presented Malaysia’s 2027 budget on Friday, include 1.1 billion ringgit...

South China Morning Post 18m ago

Zelenskyy says Ukraine is ready to agree to energy ceasefire, but warns Russia must do same

Ukrainian President Volodymyr Zelenskyy welcomed the U.S.-brokered "energy ceasefire," but warned Monday that Moscow must do the same. This is breaking news. Please refresh for updates.

CNBC 19m ago

EU top diplomat says will welcome Ukraine energy truce 'when it holds'

EU top diplomat says will welcome Ukraine energy truce 'when it holds' BRUSSELS: EU foreign policy chief Kaja Kallas said on Monday (Oct 12) the bloc would welcome a truce on striking energy infrastructure between Ukraine and Russia "when it holds", after US President Donald Trump announced a ceasefire. "We welcome the energy ceasefire when it holds. We haven't yet seen that also Russia will stick to it," Kallas said at a meeting of EU foreign ministers.

Channel News Asia 19m ago