HRDD Acquires Second Floating Dock

HRDD is obtaining a new floating dock, a dock which will reportedly be the biggest in China, capable of Cape size bulk carriers and post panamax containerships The new floating dock will be ready for operation by July 2004. This floating will be converted from a VLCC by HRDD itself, the same as they did to the existing floating dock Hua Dong about nine years ago. This new floating dock will mainly focus on the cape size vessel including the latest model and the post panamax containers. Moreover, the latest upgrade to yard facilities is almost completed: the extension of repair wharf to a total length of 750 m with two new cranes one is 25 tons, the other 15 tons. HRDD, by the end of this year will be in possession of a repair berth of 750 m in length with five cranes (one 32 tons, one 25 tons, and 3 15 tons). HRDD also has plans to add a third floating dock, a unit targeting the Handy Panamax size. Mid-2005 is the target date for this installation.