Dalian Shipbuilding Industry Co. announces construction of gigantic new yard

State-run Dalian Shipbuilding Industry Co. (DSIC) is is to spend five years building a new gigantic shipbuilding base on Changxing Island off the port city of Dalian. The new yard will boast four big docks. An offshore structure plant, a repair yard and a heavy machinery factory will also be built at the base. According to DSIC this mammoth project costing 40bn yuan will become the largest yard in China stretching over 6m sq m. STX and IMC are both on Changxing Island already. For a full report on Dalian's shipbuilding ambitions including an interview with the mayor check out the current issue of Seatrade magazine.