China Builds Shipyard in Fujian Province

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

China is building a CNY2bn ($290m) shipyard in Fujian province which will be used for shipbuilding and repairs. The dockyard, located in Luoyuan Bay, will comprise four docks and seven car parks. The yard will have the capacity to fix 250 ships a year and is scheduled to be comple

China is building a CNY2bn ($290m) shipyard in Fujian province which will be used for shipbuilding and repairs.

The dockyard, located in Luoyuan Bay, will comprise four docks and seven car parks.

The yard will have the capacity to fix 250 ships a year and is scheduled to be completed by the end of the year.

China expects the shipyard to attract the Taiwanese ship repair industry, according to logisticsweek.com.