Guangzhou: Guangzhou Shipyard International (GSI)’s relocation plan has been delayed. The shipyard scheduled to relocate its main shipbuilding base to affiliated Longxue Shipyard before 2015. However, the shipyard is still operating normally and not showing any sign of relocating.
GSI ‘s current shipbuilding facility occupies nearly 500,000 square meters land in the downtown area of Guangzhou. The city government has required the shipyard to relocate to meet the city’s development demand.
GSI is expected to be given around RMB10bn ($1.6bn) compensation from the local government for the relocation.
An official from the shipyard told Splash that the relocation is still under planning and the shipyard hasn’t decided on the exact time to relocate, adding that the shipyard is busy working on a series of newbuild projects.