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Strong growth for Guangzhou Shipyard

Shanghai:  Chinese shipbuilder Guangzhou Shipyard International has reported 27.56% jump in revenue to 3.077bn Yuan ($450m) for the first half of 2008 as well as a corresponding 14.62% increase in year on year profits to 533.13m Yuan,

In the first six months of this year, the builder completed construction of nine vessels of an estimated cumulative cargo capacity of 283,000tons of cargos and delivered seven ships. It also commenced building nine new vessels including a few 51,800dwt oil tankers.

During that period, it won new orders for five ships of 80,500dwt in total, bringing its orderbook to 65 vessels.  [26/08/08]

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