Zhejiang shiprepair to be operational

Zhoushan Wanbang Yongyue Shipyard in China will be operational soon following government approval for the building of the ship repair facility at a cost of $37.8 million. The shipyard has a 300,000DWT, a 200,000DWT dry dock and an outfitting quay.

Dongfeng Shipyard in China clinched nine 200TEU container ships from a shipping company in the Cosco group. Total contract price is $14.6 million.