On Aug 28th 2006, CSSC held a ceremony in Guangzhou Longxue Island for the start of construction of the largest shiprepair item in southern China.
Shiprepair is one of the primary sectors in Longxue shipbuilding base. Longxue is planning to invest RMB800 million (US0 million) in the first construction period to build two large dry docks (300, 000dwt class and 200, 000dwt class), a 1.5km long shiprepair wharf, as well as all other accessory facilities. The item will be managed by a joint venture established by CSSC Guangzhou Shipbuilding Industry Co., Guangzhou Wenchong Shipyard Co. Ltd and Hong Kong Ocean Line Holdings Ltd.
Presently, Guanzhou Wenchong Shipyard¡¯s annual shiprepair capacity is 120 ships under 200,000dwt class, annual production value is RMB600 million (US million). But after the new repair item completes, its annual production value, as estimated, will reach RMB1.5 billion (US7 million), and thereafter, it will become the largest shiprepair enterprise in the whole southern China area.
