A bulk freighter of 63,500 deadweight tons and a 3,600-ton crane vessel – both built by Nantong Xiangyu Shipbuilding and Offshore Engineering Co Ltd – are launched on Nov 3. [Photo/ntfabu.com]

Founded in December 2016, Nantong Xiangyu Shipbuilding and Offshore Engineering Co Ltd is a large company engaged in marine engineering and shipbuilding based in Wujie town, in Tongzhou district – administered by Nantong city in East China's Jiangsu province. [Photo/ntfabu.com]

Nantong has a market share of 10 percent and 25 percent, respectively, of the domestic shipbuilding and marine engineering industries. [Photo/ntfabu.com]