Yangzijiang Shipbuilding is expanding capacity to meet rising newbuilding demand and to build high value-added ships.
The Singapore-listed Chinese shipyard disclosed that it has signed an agreement with the government of Jingjiang City to acquire an extra area of 866,671 square metres for a clean energy ship manufacturing base.
Yangzijiang said it plans to invest CNY 3bn ($413m) to construct the facility over the next two years to build LNG carriers and other clean energy vessels.
