Guangzhou Invests in New Shipyard

8 June 2010 (Last Updated June 8th, 2010 18:30)

Guangzhou Shipyard International (GSI) says its new base in Zhongshan will absorb part of the production processes from its fabrication yard in Guangzhou city. The new yard, covering 800 acres in the south of the Pearl River Delta, is expected to reduce the yard's order backlog of 57 ves

Guangzhou Shipyard International (GSI) says its new base in Zhongshan will absorb part of the production processes from its fabrication yard in Guangzhou city.

The new yard, covering 800 acres in the south of the Pearl River Delta, is expected to reduce the yard’s order backlog of 57 vessels.

Guangzhou has a production capacity of 16 to 18 vessels a year, according to asiasis.com.

GSI said the shipyard recieved orders for two 55,000dwt oil tankers in the first quarter of this year.