Unicorn Shipping International Ltd News

With funds reportedly earned from ship breaking, Jiangmen Yinxing's parent firm has built two shipyards, one for building vessels 10,000 to 80,000 tons and this yard, at Jiangmen on a branch of the Pearl River, for vessels under 10,000 tons. In addition to several huge sheds the yard has several covered and open building and launch ways. These include two each for 3,000-ton, 6,000-ton and 8,000-ton vessels. In early July the facility had 800 workers and more were being hired. While a number of the workers were involved in constructing the yard facilities, some had begun cutting steel for one of the new yard's first projects. This will be a 4,250 dwt bunkering craft for South African owner Unicorn Shipping International Ltd. Designed by naval architect Focal Marine & Offshore Corp.