Changxing project opens up new opportunities for Jiangnan yard

摘要

By early 2008, Shipyard will be moving to new facilities now being constructed on Changxing Island, a greenfield site a short distance by ferry from Shanghai. The new yard, which will occupy an area of around 5.3 million m2, will be China's largest, with an annual production capacity of around 4 million dwt. This is around twice the capacity of Shanghai Waigaoqiao Shipbuilding, currently the country's largest yard, and eight times the annual capacity of the present Jiangnan yard in central Shanghai. The total investment in this phase of the development of facilities on Changxing Island is estimated to be around US$1.43 billion. Jiangnan is moving because its existing shipyard area will be used for the World Expo 2010 that is taking place in Shanghai. In addition, the decision to move is in keeping with the long-term local government strategy of moving heavy industry out of the city, while another consideration is the limited scope for further expansion of the existing yard.