COSCO plots $1.1bn Tianjin mega yard

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COSCO Shipping Heavy Industry is investing $1.1 billion in a large shipbuilding yard project in Tianjin, China. The new facility will feature two very large crude carrier scale dry docks, expanding capacity in the growing Chinese shipbuilding sector.

COSCO Shipping Heavy Industry is moving ahead with plans for an RMB8bn ($1.1bn) shipbuilding base in Tianjin featuring two VLCC-scale drydocks, adding another significant block of capacity to China’s rapidly expanding shipbuilding industry. New environmental filings show the greenfield yard will occupy 145.9 hectares in Tianjin’s Lingang Economic Area and use around 1,736 m of …