Taiwan-based Evergreen Group, the world's fourth largest containerized freight shipping company, plans to open a major shipyard in southeastern China, states a Taiwanese newspaper.
Evergreen plans to open the shipyard in Fujian Province opposite Taiwan in a joint venture to produce 350,000-ton container ships there by 2011. Evergreen Chairman Chang Yung-fa told Lloyd's List that Evergreen would begin investing in a Quanzhou City shipyard in Fujian to churn out large-scale cargo ships with a capacity of 7,000 to 8,000 TEUs.
Although Evergreen typically orders its cargo ships from Japanese shipyards, China is expected to surpass both Japan and South Korea for container ship orders by 2011, the same year Evergreen's shipyard in Quanzhou goes online.
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