Yangzhou Xinyang Shipyard is a central enterprise and belongs to SINOMACH. SINOMACH is a central enterprise directly managed by the State-owned Assets Supervision and Administration Commission of China and one of the largest machinery manufacturing enterprises in China. Yangzhou Xinyang Shipyard was restructured on the basis of the former Jiangsu Jiangyang Shipping Group Co., Ltd. and Ocean Shipping Manufacturing Co., Ltd., which has the advantages of large bulk carriers and large container ships, with an annual shipbuilding capacity of over 6,543,800 tons.