Privately-owned Chinese shipbuilder, New Times Shipbuilding, is planning to expand production facility in Taizhou, Jiangsu province to meet the growing demand from newbuilding orders.
Ship construction project
The shipyard will invest RMB5 billion ($691.8 million) in developing its new energy intelligent ship construction project in Jingjiang Economic and Technological Development Zone, including smart manufacturing plants, air pressure station, liquid oxygen gasification station, LNG gasification station, gantry cranes, as well as one large size dry dock, one inland terminal and other facilities.
Earlier this month, the other two private Chinese shipbuilding companies, Yangzijiang Shipbuilding and Hengli Heavy Industry also revealed their investment plans to improve production capacity.
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Source: Seatrade
