ZPMC plans to expand its yard facility at Daoda Heavy


Shanghai Zhenhua Heavy Industries (ZPMC) has announced a plan to expand its facility at its subsidiary Daoda Heavy Industry in Qidong, Jiangsu province in China.

ZPMC, China’s leading port machinery firm, said the expansion works include building a new dockyard, slipways, and outfitting quay that can accommodate one 50,000-dwt bulker.

The development project has received approval from the local transport authorities to go ahead, ZPMC said in a regulatory filing.

ZPMC held a 67% stake in Daoda Heavy following an investment into the latter early last year.

Source from : Seatrade Global