DSME plans to build ships in Yantai

Daewoo Shipbuilding & Marine Engineering (DSME) is looking to bolster its presence in the northern Shandong city of Yantai. The shipbuilder expects to receive a permit from Chinese officials within three months to build a shipbuilding yard there to go alongside its 2007-established block building facility, DCCS. When DSME founded DCCS it had aims of building large ships there but Beijing has enforced rules whereby foreigners cannot build ships larger than 100,000 dwt, a ruling that has irked many others including Samsung in Ningbo and STX in Dalian. Now, DSME is keen to have a shipbuilding subsidiary in Yantai, focusing on 30,000 dwt ships.