Shipyard to be Built in Oita

Minaminippon Shipbuilding Co said it will open by April 2008 a shipyard able to build 100,000-ton tankers on land to be purchased in Oita Prefecture's waterfront industrial belt. The Oita Prefecture builder of tankers and auto carriers will also build a repair dock at the new facility and expand an existing shipyard elsewhere in Oita in view of growing shipping activity worldwide, company officials said, adding it will spend 14 billion yen on the capital investment. Source: Kyodo News.