Chinese private shipbuilder, Yangzijiang Shipbuilding, is to invest CNY3.3bn($513m) in Jiangyin-Jingjiang industrial park in Jiangsu province, China, to further develop shipbuilding and equipment manufacture industry.
Katherine Si | May 10, 2021
The integrated projects in the industrial park will cover various sectors including port and logistics, high-end clean energy equipment manufacture and technology development and research.
In 2003, Yangzijiang Shipbuilding built its large size modern shipyard at Jiangjin-Jingjiang industrial park, which expanded rapidly and had been developed to be one of the most efficient shipbuilding yards in China.
Related: Yangzijiang to resume operations at Jiangsu Yangzi Changbo shipyard
In the first quarter this year, Yangzijiang Shipbuilding had secured new orders for 75 vessels with a total contract value of $4bn, making the company’s orderbook stood at $6.6m for 146 vessels, highest level since 2009.
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