Changxing first phase up and running as Jiangnan completes move

Shanghai: The completion ceremony for the first phase of China State Shipbuilding Corporation's (CSSC) Changxing Shipbuilding Base was held today on Changxing Island in Shanghai Municipality. This base, located in the southeast end of Changxing Island in Chongming County, is likely to become the largest shipyard in the world. With the total investment exceeding RMB16bn, the first phase covers 560ha and has a 3.8km-long coastline and is designed with annual shipbuilding capacity of 4.5mt.
China's oldest shipbuilder, the Jiangnan Shipyard Corp., completed the move to a new home on Tuesday to make room for World Expo 2010.
The shipbuilder, a subsidiary of China State Shipbuilding Corp.(CSSC), moved from its Huangpu River site in Shanghai to Changxing.
Tuesday was the 143rd anniversary of the Jiangnan Shipyard, which was founded in the late Qing Dynasty as China's first manufacturing base for steel, naval ships and steel cannons. [4/6/08]