SHIPYARDS IN JIUJIANG BEGIN EXPORTING SHIPS INDEPENDENTLY

AsiaInfo Services, July, 2007

AsiaInfo Services 07-02-2007 Shipyards in Jiujiang Begin Exporting Ships Independently JIUJIANG, Jul 02, 2007 (SinoCast via COMTEX) -- Jiangxi Jiangxin Shipyard Co., Ltd., a jiujiang-based shipyard purchased by Tsinghua Tongfang Holdings Co. Ltd., a high-tech company invested by China's Tsinghua University, in 2006, will independently export its ships instead of exporting through agents outside the city. The shipyard started building two of the four Germany-ordered 12,000-tonnage multiple-purpose dry cargo carriers on June 26, 2007, marking its independence in exporting its self-built ships.

The ships for German customer are contracted on July 1, 2006. The Jiujiang-based shipyard created CNY 400 million worth of industrial output value with a year-on-year...

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