| August
4, 2005 |
| Government
Approves Shipyard Expansion in China |
| Kobe,
August 4, 2005 - Kawasaki Shipbuilding Corporation
announced today that the Chinese government
has recently approved plans to expand a shipyard
in Nantong operated by Nantong COSCO KHI Ship
Engineering Co., Ltd. (NACKS), a joint venture
of Kawasaki Shipbuilding and China Ocean Shipping
(Group) Company (COSCO). The 2 billion yuan
project involves construction of a new dock
for very large crude carriers (VLCCs) with
two 800 ton gantry cranes, and an extension
of an outfitting quay on a 500,000 m2 lot
adjacent to the current shipyard. The expanded
shipyard, which will build large commercial
vessels mainly for China, is scheduled to
be in operation by 2008. |
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