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New shipyard opens in Dalian
(Xinhua)
Updated: 2009-07-01 17:07 A shipyard that has laid claim to be the largest in the world in terms of physical size began operation Wednesday at Changxing Island in Dalian, a coastal city in northeast China's Liaoning province. STX (Dalian) Shipbuilding Co Ltd, a subsidiary of the STX Group from the Republic of Korea (ROK) and the investor of the project, said the boatyard was now the largest in the world in terms of physical area. The firm did not reveal the cost of the yard.
The former largest shipyard in the world in terms of physical size was built by ROK-based Hanjin Heavy Industries in the Philippines. The Dalian boatyard is 1 m longer and 1 m wider than its Filipino counterpart, the STX (Dalian) Shipbuilding said. STX Group, the fourth largest shipbuilding company in the world in terms of orders received, started to invest in Changxing Island in 2006 and has since increased its investment there to 13.4 billion yuan ($1.96 billion). (For more biz stories, please visit Industries)
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