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Hudong-Zhonghua breaks ground on new $2 8 billion shipyard

Hudong-Zhonghua breaks ground on new $2.8 billion shipyard China Shipbuilding Changxing Shipbuilding Base; Image by Hudong Zhonghua Hudong–Zhonghua Shipbuilding, a subsidiary of China State Shipbuilding Corporation, hosted a groundbreaking ceremony for the second phase of the China Shipbuilding Changxing Shipbuilding Base. The Hudong-Zhonghua new factory site is located along the south coast of Shanghai Changxing Island, with an overall construction area of ​​431.8 hectares and a planned investment of 18 billion yuan ($ 2.8 billion). The facility will integrate R&D and design facilities, construction and outfitting facilities, with a planned construction capacity for six ships. The construction area in the first phase is 214. 6 hectares with a planned investment of 8 billion yuan.

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