New Dalian shipbuilder unveiled

A new and bigger shipbuilder was unveiled today in Dalian as part of the restructuring of the city’s shipbuilding industry. Dalian Shipbuilding Industry was formed by the merger of Dalian Shipyard Co and Dalian New Shipbuilding Heavy Industry Co.

Dalian Shipyard, with more than a 100-year history, used to be one of China’s big military shipbuilders. Dalian New Shipbuilding, established 15 years ago, was one of the country’s biggest shipbuilders. Both the companies were subsidiaries of China Shipbuilding Industry Corporation.

The new shipyard expects to output vessels of 2 million tonnes next year and more than 2.6 million tonnes in 2007.