Good news! A New Shipyard in China is Coming!

The signed Yangzi Hongyuan Green High-Tech Clean Energy Shipbuilding Base project will utilize a coastline length of approximately 1320 meters, covering an area of about 1300 mu. The project includes the construction of a 300,000dwt shipyard, a 200,000dwt outfitting wharf, and a 100,000dwt dock, with an annual production capacity of approximately 800,000 dwt. 
 

Preliminary procedures for the project are being fully advanced, and it is expected to be completed and put into operation by the end of 2026.
 

Once the project reaches full production, the annual output value will not be less than 10 billion yuan, with an average annual comprehensive tax fee not less than 300 million yuan. 

Clarkson Research provided Xinde Marine News with data showing that Yangzijiang Shipbuilding currently holds two new orders for 175,000 cubic meters LNG carriers.

The chairman of Yangzijiang, Ren Letian revealed to Xinde Marine News, "(The new shipbuilding base) can be used for LNG, but of course, it also depends on market demand (it can also be used for building other types of ships)." 

This new project not only expands the capabilities and capacity of Yangzijiang Shipbuilding but also presents a significant opportunity for the global shipbuilding market, offering more choices for shipowners and enhancing the industry's growth. 

Stay tuned for more updates on this exciting development in the maritime industry!

by Xinde Marine News Chen Yang

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