Zhoushan Tsuneishi Shipbuilding
- Company typePrivate
- Founded2003
- HeadquartersZhoushan, China
- Headcount501–1,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Zhoushan Tsuneishi Shipbuilding does
Zhoushan Tsuneishi Shipbuilding (TZS; legal name: TSUNEISHI GROUP (ZHOUSHAN) SHIPBUILDING INC.; Chinese: 常石集团（舟山）造船有限公司) is the Chinese shipbuilding subsidiary of Japan's Tsuneishi Shipbuilding Co., Ltd. Established in 2003 and located in Daishan County, Zhoushan, China, the yard operates as part of the parent's multi-yard production network spanning Japan, China, and the Philippines, and has delivered 322 vessels over its 23-year history with a shipbuilding workforce of approximately 4,870 people.
TZS produces a horizontal portfolio of commercial vessels including bulk carriers (KAMSARMAX, TESS66 AEROLINE, TESS64 AEROLINE), container carriers ranging from 1,091 TEU to the 5,900 TEU methanol dual-fuel class, and chemical/product oil tankers (LRI Product Oil/Chemical Tanker). Its core technology platform is methanol dual-fuel propulsion for commercial tonnage, including dual-fuel main engines and generators, high-capacity shore power for zero-emission port operations, and a ClassNK-approved retrofit architecture (developed with the Maersk Mc-Kinney Møller Center for Zero Carbon Shipping) that places methanol tanks within cargo holds. The yard delivered the world's first methanol dual-fuel Kamsarmax bulk carrier (Brave Pioneer, for Cargill) and built the largest vessel in the Tsuneishi Group's history (5,900 TEU methanol dual-fuel container ship, chartered by Maersk), with three of these container ships completed between February and June 2026.
The business model is direct enterprise B2B vessel construction under long-term build-to-order contracts with major shipping companies; named customers include Maersk (container series) and Cargill Ocean Transportation (five-vessel Kamsarmax bulk carrier program), with self-charter/operational use of vessels for fuel-technology trials. Revenue is generated through one-time per-vessel contract sales with pricing dependent on specifications, size, and fuel technology, and pricing is not publicly disclosed. Go-to-market is direct, with no intermediary distribution channels, and the company pursues technology positioning through sustainability-linked press, maritime exhibitions, and CSR activity rather than paid digital channels.
Zhoushan Tsuneishi Shipbuilding firmographics
Firmographics- Name
- Zhoushan Tsuneishi Shipbuilding
- Legal name
- TSUNEISHI GROUP (ZHOUSHAN) SHIPBUILDING INC.
- Website
- https://tsuneishi-zs.com
- Company type
- Private
- Founded year
- 2003
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Ownership category
- akta.pro rank
Zhoushan Tsuneishi Shipbuilding industry classification
Industry- Product category
- Commercial Shipbuilding
- NAICS
- Ship and Boat Building (3366), Ship and Boat Building (33661)
- akta.pro primary industry
- Bulk Carrier Shipbuilding (Dry Bulk: Capesize/Panamax/Handysize) (IMAJAAAA)
Keywords
Where Zhoushan Tsuneishi Shipbuilding is headquartered
LocationHeadquarters
- HQ city
- Zhoushan
- HQ country
- China
- HQ region
- Asia
Offices2 records
Markets served
Zhoushan Tsuneishi Shipbuilding business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Supply Chain, Operations, Infrastructure, Technology or R&D
Revenue model
- Vessel Construction and Sales: Design, construction, and delivery of commercial vessels including container ships, bulk carriers, and chemical tankers. Revenue generated through long-term contracts for newbuild vessels with pricing based on vessel specifications, size, and fuel technology. Shipbuilding contracts with major shipping companies like Maersk and commercial deliveries to customers.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels3 records
Zhoushan Tsuneishi Shipbuilding product offering
Product offeringCore offering
Zhoushan Tsuneishi Shipbuilding (TZS) is the Chinese manufacturing shipyard of Japan's Tsuneishi Group, designing and constructing commercial vessels including bulk carriers, container ships, and chemical tankers. The company specializes in methanol dual-fuel propulsion systems, producing the world's first methanol dual-fuel Kamsarmax bulk carrier and the largest methanol dual-fuel 5,900 TEU container ships built by the group. Vessels are built to order under direct contracts with global shipping companies such as Maersk and Cargill.
Product overview
Tsuneishi Group (Zhoushan) Shipbuilding is a Chinese shipyard subsidiary of Japanese company Tsuneishi Shipbuilding, operating a multi-product shipbuilding portfolio. The company produces bulk carriers (KAMSARMAX, TESS66 AEROLINE, TESS64 AEROLINE), container carriers (ranging from 1,091 TEU to 5,900 TEU capacity, both geared and gearless variants), and chemical tankers (LRI Product Oil/Chemical Tanker). The company has established itself as a leader in environmentally sustainable shipbuilding, particularly with its methanol dual-fuel technology including the world's first methanol dual-fuel Kamsarmax bulk carrier and the largest vessel ever built by the group - the 5,900 TEU methanol dual-fuel container ship. The product portfolio is built around a 'multi-ship types, multi-yards' global production system.
Differentiator
Problem solved
Functional benefit
Products and services
- KAMSARMAX Bulk Carrier Medium-sized Kamsarmax dry bulk carrier offering optimized cargo capacity and fuel efficiency for dry bulk shipping operators transporting minerals, grains, and coal.
- TESS66 AEROLINE Bulk Carrier TESS66 AEROLINE bulk carrier featuring aerodynamic hull design for improved fuel efficiency in dry bulk transport operations.
- TESS64 AEROLINE Bulk Carrier
Companies that use Zhoushan Tsuneishi Shipbuilding
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Zhoushan Tsuneishi Shipbuilding technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Zhoushan Tsuneishi Shipbuilding partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered flagship, minor and core.
- Cargill Ocean TransportationflagshipCargill chartered Brave Pioneer, the world's first methanol dual-fuel Kamsarmax bulk carrier, as first of five green methanol dual-fuel bulk carriers. The partnership aims to test low-carbon fuel readiness and promote sustainable freight services, with plans to bunker green methanol in Singapore.
- Republic of the PhilippinesminorPresident Ferdinand R. Marcos Jr. attended the naming ceremony of Brave Pioneer, the world's first methanol dual-fuel Kamsarmax bulk carrier delivered by Tsuneishi Heavy Industries (CEBU), Inc. in the Philippines.
- MaerskflagshipMaersk chartered the first methanol dual-fuel 5,900 TEU container ship built by Tsuneishi Group (Zhoushan) Shipbuilding, completed February 2026. The vessel features dual-fuel technology for the main engine and generator with shore power capability for zero-emission port operations.
- ClassNKcoreClassNK granted Approval in Principle (AiP) on December 25, 2024 for Tsuneishi Shipbuilding's methanol dual-fuel retrofit design for Kamsarmax bulk carriers. ClassNK conducted technical feasibility review and HAZID assessment.
- Maersk Mc-Kinney Møller Center for Zero Carbon ShippingcoreJoint development partnership for methanol dual-fuel retrofit design for Kamsarmax medium-sized bulk carriers. The design addresses the challenge of methanol fuel tank placement by positioning tanks within cargo hold, targeting decarbonization of the existing global bulk carrier fleet.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Zhoushan Tsuneishi Shipbuilding competitors and assessment
Company assessmentDirect peers
- New Times Shipbuilding: Chinese shipbuilder with a primary focus on Kamsarmax and Ultramax bulk carriers, overlapping directly with TZS's flagship dry-bulk product line and competing for similar charterer demand.
- Mitsui E&S Shipbuilding: Japanese commercial shipbuilder producing bulk carriers, container ships, and tankers with active alternative-fuel programs. Comparable to TZS in vessel mix and as a Japan-headquartered peer with methanol and ammonia dual-fuel initiatives.
- Yangzijiang Shipbuilding: Major Chinese shipbuilder with a broad portfolio of bulk carriers, container ships, and tankers. Directly comparable to TZS as a same-geography competitor and a strategic investor in TZS via its $117M 2024 placement, sharing customer segments and competing for similar Maersk/Cargill-class newbuild contracts.
- Oshima Shipbuilding: Japanese bulk carrier and Capesize specialist with strong Kamsarmax positioning. Closely comparable to TZS in product mix (bulk carriers, container ships) and as a Japanese-yard alternative-fuel shipbuilder pursuing decarbonization.
- Imabari Shipbuilding: Japan's largest shipbuilder and a leading global Kamsarmax bulk carrier producer with yards in Japan and overseas. Direct competitor to TZS in the dry bulk carrier segment and a comparable Japanese-headquartered alternative-fuel shipbuilder.
- COSCO Shipping Heavy Industry: China-based shipbuilding arm of COSCO with multiple yards producing bulk carriers, container ships, and tankers. Directly comparable Chinese-yard competitor to TZS with overlapping product portfolio and customer access to major Chinese and global cargo owners.
- Tsuneishi Heavy Industries (Cebu): Sister shipyard within the Tsuneishi Group located in the Philippines, producing the same Kamsarmax and bulk carrier designs. Comparable as a same-parent sister yard delivering the methanol dual-fuel Kamsarmax Brave Pioneer, sharing customers, designs, and engineering with TZS.
Regional players
- Daehan Shipbuilding (DHSC): Korean mid-tier shipbuilder focused on mid-size container ships and bulkers, including methanol dual-fuel designs. Comparable to TZS in vessel class and alternative-fuel focus but primarily serves Korean and Western customers rather than the Japanese/Chinese cargo-owner base.
Broad incumbents
- Samsung Heavy Industries: Korean tier-1 shipbuilder focused on LNG carriers, tankers, and large container ships with active ammonia and methanol fuel programs. Larger incumbent competitor for alternative-fuel newbuild contracts that overlap with TZS's methanol dual-fuel positioning.
- HD Hyundai Heavy Industries: World's largest shipbuilder offering LNG carriers, container ships, bulk carriers, and tankers with significant ammonia and methanol dual-fuel programs. Broader and larger incumbent that competes with TZS on global newbuild contracts including alternative-fuel bulkers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Zhoushan Tsuneishi Shipbuilding social profiles
Digital presenceZhoushan Tsuneishi Shipbuilding financial estimates
Financial estimateRevenue estimate
Valuation estimate
Zhoushan Tsuneishi Shipbuilding leadership team
Management profileNumber of profiles
Profiles2 records
Zhoushan Tsuneishi Shipbuilding subsidiaries and ownership
Company hierarchySubsidiaries1 record
Zhoushan Tsuneishi Shipbuilding funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Zhoushan Tsuneishi Shipbuilding M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Zhoushan Tsuneishi Shipbuilding
What does Zhoushan Tsuneishi Shipbuilding do?
Zhoushan Tsuneishi Shipbuilding (TZS) is the Chinese manufacturing shipyard of Japan's Tsuneishi Group, designing and constructing commercial vessels including bulk carriers, container ships, and chemical tankers. The company specializes in methanol dual-fuel propulsion systems, producing the world's first methanol dual-fuel Kamsarmax bulk carrier and the largest methanol dual-fuel 5,900 TEU container ships built by the group. Vessels are built to order under direct contracts with global shipping companies such as Maersk and Cargill.
Is Zhoushan Tsuneishi Shipbuilding a public or private company?
Zhoushan Tsuneishi Shipbuilding is a private company. It is classified as corporate owned and is currently operating.
When was Zhoushan Tsuneishi Shipbuilding founded?
Zhoushan Tsuneishi Shipbuilding was founded in 2003. It employs 501 to 1,000 people.
Where is Zhoushan Tsuneishi Shipbuilding based?
Zhoushan Tsuneishi Shipbuilding is headquartered in Zhoushan, China, in the Asia region.
How does Zhoushan Tsuneishi Shipbuilding make money?
One revenue line is on record: vessel Construction and Sales.
Who are Zhoushan Tsuneishi Shipbuilding's main competitors?
Direct peers on record are New Times Shipbuilding, Mitsui E&S Shipbuilding, Yangzijiang Shipbuilding, Oshima Shipbuilding, Imabari Shipbuilding, COSCO Shipping Heavy Industry and Tsuneishi Heavy Industries (Cebu). Daehan Shipbuilding (DHSC) is listed as a regional player. Broad incumbents are Samsung Heavy Industries and HD Hyundai Heavy Industries.
Does Zhoushan Tsuneishi Shipbuilding have an API?
No public API is recorded for Zhoushan Tsuneishi Shipbuilding.
What industry is Zhoushan Tsuneishi Shipbuilding in?
Zhoushan Tsuneishi Shipbuilding's product category is Commercial Shipbuilding. Its primary akta.pro industry code is IMAJAAAA, Bulk Carrier Shipbuilding (Dry Bulk: Capesize/Panamax/Handysize). Its NAICS code is 3366.