132 Jichang Road,
The August 2000 merger of Jiangnan Shipyard (Group) Co Ltd and Qiuxin Shipyard was a major step of China State Shipbuilding Corporation (CSSC). Qiuxin Shipyard became a subsidiary of Jiangnan Shipyard, but the name of Qiuxin will remain in the public domain for some time in order to maintain its relationship with other partners. Shanghai's shipbuilding industry was seriously damaged by the financial crisis that swept over Asia in the 1990s. The competition among domestic and international shipyards disrupted the domestic Chinese market and hindered its recovery.
Qiuxin Shipyard is located on the west bank of Huangpu River and adjoining the Nan Pu Bridge of Shanghai. Qiuxin Shipyard is one of the large enterprises subordinated to China State Shipbuilding Corporation CSSC. Founded in 1902, Qiuxin Shipyard has a long history of about one century. The yard name dirived from the saying "Qi Wei Qiu Xin", meaning that constant efforts should be made to get machine & ship products improved & be of the latest type. The famous Wai Bai Du Bridge in Shanghai was constracted by the yard in its early stage.
By mid-1998 Shanghai's Qiuxin Shipyard had completed construction of Yuanzhou-1. With a speed of 80 kilometers per hour, the 108 passenger vessel is fastest of its kind in China. The inland river vessel, is 29 meters long, 7.2 meters wide, and 6.9 meters high with a passenger capacity of 108.
According to 1998 sales revenue for the top 100 industry enterprises in Shanghai, Hudong Shipbuilding Group ranked 18, at 2.1bn Yuan; Jiangnan (Group) ranked 37th ,at 1.3bn Yuan; Zhonghua Shipyard ranked 48th, at 1.0bn Yuan; Shanghai Shipyard ranked 69th at 7.7bn Yuan; and Qiuxin Shipyard 71th at 7.6bn Yuan.
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