Its role EPCI
China Merchants Heavy Industry (Jiangsu) Co., Ltd. (CMHI) is a major Chinese shipyard and marine engineering equipment manufacturer specializing in high-end offshore and marine construction. Founded in 2013 in Haimen District, Nantong City, Jiangsu Province, it designs, builds, and repairs specialized vessels and equipment including FPSO hulls, self-elevating and semi-submersible drilling platforms, LNG carriers, pipe-laying ships, heavy-lift vessels, and luxury cruise ships.
The company forms part of the Haimen Base alongside China Merchants Cruise Shipbuilding Co., Ltd., both wholly owned subsidiaries of China Merchants Industry Holdings Co., Ltd. (CMI). CMI itself operates under the state-owned China Merchants Group (CMG), positioning CMHI within one of China’s three leading shipbuilding and repair conglomerates with facilities across multiple regions and international presence.
CMHI has completed more than 50 high-end projects with cumulative sales approaching 30 billion yuan. It has delivered China’s first polar expedition cruise ship, the main hull of the world’s largest self-built FPSO, and various advanced drilling platforms. The yard maintains large dry docks up to 500,000-ton capacity and focuses on technological innovation with hundreds of patents. It serves global clients, including recent FPSO hull contracts awarded by Saipem for projects in Indonesia’s Kutei Basin and Angola.
As a key player in China’s marine equipment sector, CMHI emphasizes high-end, differentiated products and contributes to the country’s offshore energy and maritime industries through its integration into the broader CMG structure.
Also known as China Merchants Heavy Industry.
chemXplore tracks 1 project involving CMHI, of which one is active.
1 more active project is in the record. See all 1 in chemXplore →
Proforma gearing at a historic low of 9% and adjusted CFFO lifted to €16.5bn; underlying E&P output +7% to 1.83 mln boe/d. Strategic deals include Junin 5 relaunch and asset monetisations.
Two binding agreements transfer 10% interests across multiple Indonesian PSCs, covering producing gas fields, major discoveries and hub projects; completions subject to regulatory approvals.
Revenue up 15% to RM152.4bn; PAT RM27.2bn; CAPEX RM41.4bn and full ownership of PRefChem expected in 2H 2026 amid West Asia conflict-driven volatility.
Double-digit underlying production growth, new JV and project FIDs, entry into critical minerals, and a larger share buyback with slightly higher 2026 production guidance.
EPCI for an FPSO to serve the Kutei North Hub, tied to subsea fields and a gas export pipeline to Bontang LNG and domestic users; 48-month execution.
50:50 JV combines 19 gas assets across Malaysia and Indonesia, targets 300k→500k boe/d and plans $20bn investment backed by a $6bn credit facility.
Dual FIDs for Gendalo/Gandang and Geng North/Gehem offshore East Kalimantan. Start 2028; plateau 2029 at 2 bscfd gas and 90,000 bpd condensate. Tie-backs to Jangkrik, new FPSO.
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