Another Qingdao yard emerges

The recently established Qingdao Yangfan Shipbuilding Co., Ltd., funded by Yangfan Group and Qingdao Machinery Industry General Co., Ltd., with a total registered capital of RMB650m, plans to construct a shipbuilding facility at the Jimo Nvdao Lingang industrial zone. Qingdao is an emerging shipbuilding centre with a large number of yards including Qingdao Shipyard, Qiangdao Qianjin Shipyard, Qingdao Jimo Mastek Shipyard, Qingdao Hyundai Shipbuilding and Qingdao Beihai Shipbuilding Heavy Industry.