Yinxing Shipyard lo launch $32m expansion

South China's Jiangmen Yinxing Shipbuilding has announced that it plans to invest CNY 228m ($31.9m) to build a 50,000-tonnage shipbuilding addition to the current yard.

The 15-hectare expansion is scheduled for completion by 2010 and will boast an annual capacity of four vessels of 50,000dwt each. The current yard boasts an annual shipbuilding capacity of ten 1,000-12,000dwt ships, and is due to deliver a 6,500dwt oil tanker and two 4,500dwt oil supply ships in February and March respectively.
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