Emerald Hill News

The uprising shipping market stimulated the ship repair business for yards all over the world in this two years, especially for the Chinese shipyards. The increase of shipping rate for cape size and panamax bulk carriers, particularly the raw material market, consequently caused the rise of ship repair material cost and labor cost. Even so, all the ship repair yards are fully booked by the rolling-in ship owners and managers. The records for the first half of 2004 by Huarun Dadong Dockyard (HRDD) illuminates this tendency too.

In the past 3 quarters, 2004 witnessed the facilities expansion of Huarun Dadong Dockyard ( HRDD ) and also experienced the production turnover increase. Considering the trend that the more and more post panamax container vessel will be launched into service and with the advantageous geographical location in Shanghai port, HRDD improved her facilities within these two years. Positively speaking, by the mid of next year, HRDD will possess 3 floating docks for capacities ranging from handy size, panamax size to cape size vessels with particulars of 190m x 35m, 280m x 45m and 340m x 52m respectively. Of course, the biggest Da Dong floating…