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China's first privately owned research vessel struggles to secure clients after launch

Cai Yunjie, a 51-year-old ex-fisherman from Zhejiang province, has introduced China's first privately owned research vessel, Haiying Jiake, with an investment of 150 million yuan. Nearly a month post-launch and without a client, the vessel is grappling with serious financial hurdles, stemming from steep operating costs and a limited market for private research ships in China.

BRIC Team
BRIC Team
Jun 27, 2026 · 1 min read · 12 views
China's first privately owned research vessel struggles to secure clients after launch

Key Takeaways

  • The Haiying Jiake, China's first privately owned research vessel, was built at a cost of 150 million yuan (approximately US$22 million).
  • Cai Yunjie, the 51-year-old leader of the initiative, admitted, 'We still do not have a clear plan for how the ship will make money.'
  • Operating costs for the Haiying Jiake reach hundreds of thousands of yuan daily, with annual expenses exceeding 10 million yuan.
  • The vessel, measuring 82 meters long and weighing 3,500 tonnes, is designed for global operations, including in thin sea ice.
  • China's market for privately owned research vessels is underdeveloped, with most ships owned by universities and government institutions.

Nearly month post-launch,Haiying Jiake, China's first private research vessel, still waits for client. Built for 150 million yuan (around US$22 million),this 82-meter,3,500-tonne ship was funded by 37 fishermen from Zhejiang. Designed for global work, even in thin sea ice,it aims to support varied research — from seabed mapping to deep-sea surveys.

But despite its capabilities,ship hasn't landed its first contract. Cai Yunjie, 51, former fisherman leading project,admits uncertainty about financial prospects. “We still do not have a clear plan for how the ship will make money,” he said to state-owned Science and Technology Daily.

Running Haiying Jiake costs plenty,with daily expenses in hundreds of thousands of yuan . Annual costs top 10 million yuan,says Chen Jiawang, deputy director at East China Sea Laboratory. Main issue? No real market for private research ships in China. Most are university or government-owned,backed by public funds…

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