Hong Kong: COSCO Shipyard Group, a major Chinese repair-yard, has constructed a new facility in Dongguan, Guangdong province. The new facility will be utilized to build ships up to 100,000 dwt on top of repair works. It will be the third of the group's five repair yards to engage in newbuildings since the start of this year.
COSCO Shipyard had its repair yard COSCO Guangzhou in Guangzhou, but it constructed the Dongguan yard by investing a total of 1 billion yuan (about Y15 billion) and transferred Guangzhou's functions to the new yard. With this, COSCO Guangzhou was renamed as COSCO (Guangdong) Shipyard.
The site of the new facility covers an area of 400,000 sq.m, and the yard will repair ships of up to Capesize bulkers thus far undertaken by the Guangzhou yard, and will also engage in newbuildings. In August 2007, the yard received orders for eight 57,000-dwt bulkers by three owners, Golden Union of Greece, ER Denizcilik of Turkey and another Greek owner. The yard aims at constructing 1 million dwt of ships in the coming three years.
In addition to the yard in Guangzhou, COSCO Shipyard Group has repair yards in Zhoushan, Dalian, Shanghai and Nantong. The Zhoushan and Dalian yards have already forayed into newbuilding field, and the construction of 57,000-dwt bulkers and 5,000-unit pure car carriers is under way. [24/12/07]
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