Changbaidao project

Work on the Zhoushan Changbaidao project in China has been given the go-ahead. The project is to build a drydock of 400m in length and 106m in breadth in order to build and repair offshore rigs and FPSOs.

Total investment will be $99.5 million and, when completed, will be able to build four 70,000DWT offshore vessels, two rigs and repair two rigs per year.