GSI Expands Shipyard Capacity in China

2 September 2010 (Last Updated September 2nd, 2010 18:30)

Guangzhou Shipyard International (GSI) is planning to invest about CNY90m ($13m) to expand its shipyard capacity. The company will lease an area of 450,000m2 in Runzhou Industrial Park in Zhenjiang City, China, for four years. The yard will have a drydock and bert

Guangzhou Shipyard International (GSI) is planning to invest about CNY90m ($13m) to expand its shipyard capacity.

The company will lease an area of 450,000m2 in Runzhou Industrial Park in Zhenjiang City, China, for four years.

The yard will have a drydock and berth, and GSI is planning to add shipbuilding equipment and infrastructure, according to asiasis.com.

With the shipyard yard, the company expects to increase its shipbuilding capacity, secure orders for Handysize tankers, and improve shipbuilding output as well as turnover.