Jul. 3 - The largest shipyard in the world measuring 460 meters long with a width of 135 meters has opened in Dalian, a coastal city located northeast of China.
The shipyard located in Changxing Island has bypassed the Philippine shipyard built by Hanjin Heavy Industries by 1 meter long and 1 meter wide. It was built with investment coming from the STX (Dalian) Shipbuilding Co., a subsidiary of the Korean company, STX Group.
Xinhua reports that the shipyard is big enough to hold two ships with a dead weight tonnage of 320,000 tons. The Korean company is one of the biggest shipbuilding company in the world and it forecasts that the Dalian shipyard will attract US$3 billion worth of sales by 2012 for bulkers, product tankers and automobile carriers to name a few.
for Dezan Shira & Associates, the foreign direct investment legal and tax practice responsible for China Briefing 
