Evergreen Plans Yard in China

Evergreen Group is planning to build a shipyard in mainland China, reports Fairplay.

The yard will be built in Quanzhou in Fujian Province and will benefit from provincial government funding. The cost of the project is not announced.

It is expected that yard will initially have a building dock large enough for 350,000-dwt ships and will be ready to start shipbuilding in 2011. A second dock could follow in a second phase.

The yard will probably be used to build ships for Evergreen, with multiple contracts occupying the dock. It is said that Evergreen has a shortfall of at least 60 ships of various sizes.