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Jinhai Heavy earmarks $450m to transform into an ‘intelligent shipyard’

China’s Jinhai Heavy Industry has set aside RMB3bn ($450m) for use over a five-year period to invest in yard automation facility and intelligence program.

Lee Hong Liang, Asia Correspondent

July 15, 2016

1 Min Read

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Jinhai said the focus will be on “intelligent manufacturing”, with an aim to fully upgrade the entire production line from hardware to software and to strengthen the automation system.

While the RMB3bn investment sum is set to be used over five years, the Chinese shipbuilder is anticipating as long as 10 years for the smart system to be fully integrated into the yard facilities.

Jinhai is currently sitting on an orderbook backlog of 72 ships including 10,000-teu and above containerships and large oil tankers.

About the Author

Lee Hong Liang

Asia Correspondent

Singapore-based Lee Hong Liang provides a significant boost to daily coverage of the Asian shipping markets, as well as bringing with him an in-depth specialist knowledge of the bunkering markets.

Throughout Hong Liang’s 14-year career as a maritime journalist, he has reported ‘live’ news from conferences, conducted one-on-one interviews with top officials, and had the ability to write hard news and featured stories.

See more from Lee Hong Liang

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