- Business
- Jong Shyn Shipbuilding Co., Ltd. (2644.TWO) engages primarily in shipbuilding, repair, and maintenance in Taiwan; it constructs a diverse range of vessels including frigates, super-gravity tugboats, large-scale purse seiners, ultra-low temperature tuna fishing boats, large oil tankers, large freighters, super-large luxury yachts, patrol boats, super-large barges, container ships, bulk carriers, ferries, research vessels, and special-purpose ships such as drilling vessels and offshore wind support vessels; it also provides floating dock operations, ship repair rentals, mechanical maintenance, coating services, shaft processing, interior design engineering, and ultra-low temperature refrigerated logistics center rentals. The company, founded in 1973 and headquartered in Kaohsiung, Taiwan, operates multiple shipyards including Jong Shyn, Xin Gao, Lin Sheng, Xin Tian, Xin Chuang, and a Hualien facility for repairs, spanning 191,000 square meters; it serves domestic military and coast guard clients as well as commercial customers in Taiwan, Asia, and international markets, with subsidiary Jade Yachts focusing on steel and aluminum yachts. Recent developments include a 2023 contract to build two prototype light frigates for the Taiwanese Navy—one for anti-air warfare with keel laid in November 2024 and one for anti-submarine warfare—with structural assembly underway and delivery targeted for October 2026; ongoing construction of Anping-class 600-ton catamaran patrol vessels and 35-ton patrol boats for the Coast Guard Administration; and collaboration with High Tien Offshore and Ship and Ocean Industries R&D Center on crew transfer vessels and service operation vessels for offshore wind farms, supporting localization efforts with projected deliveries in 2025 and 2027.