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Shipyard to boost capacity

By Zhu Chengpei (China Daily)
Updated: 2008-09-18 14:00

Dalian Shipbuilding Industry Co Ltd (DSIC), one of the nation's biggest shipyards, plans to boost production from this year's 3 million dwt to 10 million dwt by 2020.

DSIC expects sales of 17 billion yuan this year from its ships - including tankers, chemical and product carriers, containerships, LPG and LNG - and engineering and offshore platforms.

"We are now in the best period for the shipyard in terms of its development and economic efficiency," Sun Bo, general manager of DSIC, said.

DSIC was China's first shipyard to build a 300,000-dwt very large crude oil carrier (VLCC). Twenty-four months in the making, its first VLCC was delivered to the National Iranian Tank Co in August 2002.

"The first VLCC realized the dream of generations of Chinese shipbuilders to break the monopoly on these very large vessels," Sun said.

The shipbuilder has since received orders for more than 35 VLCCs for clients.