Form January 12^{th to 18th of 2008, the president and general manager Mr. Li Zhi of Shanhaiguan Shipbuilding Industry Co., Ltd, vice president Mr. Zhang Yuhuan of China Shipbuilding & Offshore International Co.,Ltd,vice president Mr. Gao Yunqiang and director of commercial department Mr. Xi Kebiao of Shanhaiguan Shipbuilding Industry Co., Ltd went to Hong Kong for visiting the owners. During the period in Korean, president Li had called at TRANSFIELD ER、TCC GROUP、PACIFIC BASIN、OCEAN LONGEVITY SHIPPING&MANAGEMENT CO.,LTD、PARAKOU SHIPPING LTD、JINHUI HOLDINGS GOMPANY LTD、SINOTRANS SHIPPING LTD、ASSOCIATED MARITIME COMPANY(HONG KONG) LTD、HONG KONG MING WAH SHIPPING CO., LTD、WAH KWONG SHIPPING HOLDING LTD、HEIBEI OCEAN SHIPPING CO.,LTD.}

During the period in Korean, president Li introduced the delightful achievement and operation strategy about the shipbuilding of our company by reform for about one year. He emphasized on:

 1. The planning of shipbuilding has made big progress. Our company has invested 2.6 billions for ship building and repairing, which includes No.1 dock rebuilding, the million-ton base construction and other relative facilities of west zone. The shipbuilding operation is divided into three lines: No.1 dock mainly contracts 30,000 tons big lake type bulk carrier’s building,1300TEU container,19000DWT multi-purpose vessel and the shipbuilding contracts have been signed till 2011 at present; No.7 wharf land mainly contracts 35,000 tons bulk carrier’s building and now we have signed 4 vessels and we are contracting new contracts; the western area million tons shipbuilding dock (main dimensions: 100m x 440m) mainly contracts 930,000 tons (post-panama type)and 115,000 tons(mini-cape) bulk carrier and now the shipbuilding contracts have been signed till 2011. The million tons shipbuilding dock of Shipbuilding Company will put into use in May, 2009 and then our shipyard’s shipbuilding ability will attain 1.4 million tons per year.

2. The reform and personnel adjustment achieve obvious effect. 2007 is the most pivotal year of our company reform to stock company. At the beginning of this year, we adjust and innovate the production management system, organization structure, personnel and allot system, so the management makes progress gradually, a lot of capable young men tend towards the leader post and the new allocation system of “more work more money, less work less money, no work no money” enhance employees’ positivity.

The general managers of each big shipping company approve the achievement of our shipyard’s reform and development and express that they would like to build long term cooperative relationship and they have a lot of confidence about our cooperation in future. 

On the one hand, this inspection makes our friendship deeply; on the other hand, we take the constructive advice form the owners that are benefit to our shipyard persistent development.