COSCO to build a new shipyard in Dalian

COSCO has signed an agreement with Dalian City in Beijing to jointly construct the Dalian Shipbuilding Project.
The signing of the agreement comes eight years after the establishment of Nantong COSCO Kawasaki Shipyard, another shipyard to be set up in North China. The new project will be located in Shipbuilding Park in the Lvshun Economic Development Zone in Dalian. A total of RMB3.8 billion will be invested in the first phase, which will have an annual designed building capacity of some two million DWT. The second phase will expand the annual building capacity to 2.5 - 3 million DWT per year.

At that time, COSCO Shipbuilding in Nantong and Dalian will achieve an annual building capacity of 5 million DWT.