Chinese Government Prohibits Dry Dock Construction

The Chinese government is putting the block on Korea’s STX at its new Dalian shipyard.

The yard group will not be able to build big ships at the $1bn plant because regulations concerning foreign companies prevent it from constructing a drydock there.

The company first made the decision to have a shipyard there after talking with the city of Dalian, but the central government in Beijing refused to give permission to dig, a source in Dalian said.

“Shipbuilding is a strategic industry for China so the government is very fussy about foreign firms,'' the source told the Korea Times. “Worries have been growing that there is an oversupply of shipyards in China, so it is unlikely that Beijing will allow STX to do so.''


Source: Seanews