[photopress:Jinangnan_Shipyard.jpg,full,alignright]China’s second largest shipping conglomerate, Shanghai-based, China Shipping Group, plans to build ships by the end of next year.
t the moment its six current yards, situated in Shanghai and Guangzhou, are limited to ship repairs, ship conversions and hull maintenance.
Now ground for a new shipyard has already been broken in the Yanjiang Development Zone of Jiangdu in east China’s Zhejiang Province. It will cover an area of 187 hectares and stretch 3,500 meters along the coastline. The illustration shows a naval ship built by Jiangnan Shipyard, one of China’s major shipbuilders. China is the world’s third biggest shipbuilder in terms of output.
China Shipping Group plans over a period of three years to expand the plant so that it can have an annual production capacity of 1.5 million deadweight tons.
This is the second time in less than two months that a major centrally-administered state-owned enterprise has branched out into shipbuilding.
In March, the Shanghai Baosteel, China’s largest steel producer, jointly invested RMB10 billion ($1.3 billion) with China State Shipbuilding Corporation to build the country’s largest shipbuilding base at the estuary of the Yangtze River.
Source: Marine Log