Major China Shipyard to Reduce Capacity, Relocate

SinoShip News
Thursday, July 05, 2012
Photo credit Yangzijiang Shipbuilding

China’s Yangzijiang Shipbuilding is shifting its operations in Jiangyin to a new site in Jingjiang of Jiangsu Province

Jiangyin municipal government will pay RMB720m (USD$113.39-million) to Yangzijiang Shipbuilding as compensation for the relocation according to an agreement signed by the two sides earlier.

Yangzijiang said it would reduce some capacity in the new site and stop production at its current yard by September 30 and finish the relocation by March 31, 2013.

Maritime Reporter September 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


Michelle Obama to Christen Navy's Newest Submarine

U.S. First Lady Michelle Obama will join builder General Dynamics Electric Boat, a wholly owned subsidiary of General Dynamics, in christening Illinois (SSN-786), the U.

Incat Ferry Order from Denmark

Incat Tasmania Pty Ltd, Australian shipbuilder, has secured a contract for the construction, delivery and long term charter of a large fast vehicle ferry for Danish company Mols-Linien A/S.

Korean Shipbuilders in Red

South Korean shipbuilders are struggling with huge losses stemming from the delivery of low-priced ships and a delay in the construction of offshore facilities such as drill ships.

Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Salvage Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1738 sec (6 req/sec)