A Chinese shipbuilding company has broken ground
on what it says will be the world's biggest shipyard, a high-tech facility capable of producing cruise ships and natural gas tankers
, sources inside China and wire services reported Monday. The yard, being built on an island at the mouth of the Yangtze river, will reportedly eature seven construction docks along a five-mile stretch of coastline, the Shanghai Daily reported.
Due for completion in 2015, the yard will be designed to produce a total of 12 million dwt of ships per year. The new yard is being built by the China State
Shipbuilding Corp., which incorporates 25 large- and medium-sized shipyards. The group currently produces tankers and container ships, as well as warships and submarines for China's navy, according to its Web site.