COSCO SHIPPING Heavy Industry (Zhoushan) CO., LTD., located at Liuheng Island, Zhoushan Islands, Zhejiang Province (122¡ã06'E, 29¡ã47'N) , the first national new area featuring marine economy in China, is adjacent to international maritime route. It is at the heart of Asian-Pacific economic circle, forming a hedging radiation with major ports in the Far East such as Shanghai and Ningbo. Its geological location is advantageous and has easy access to wide hinterland resources. COSCO SHIPPING Heavy Industry (Zhoushan) CO., LTD., established on June 8th, 2004 and affiliated to COSCO SHIPPING HEAVY INDUSTRY CO., LTD. under CHINA COSCO SHIPPING CORPORATION LIMITD, is among the most promising enterprising yards with endeavoring spirit. CHINA COSCO SHIPPING CORPORATION LIMITED, a super state-owned enterprise under state authorities, is engaged in many industries including shipping, logistics, finance, manufacturing, shipping service and socialization industry, This forms a "6+1" industrial cluster. COSCO SHIPPING HEAVY INDUSTRY CO.,LTD., established in 2001, is a large group engaged in construction, conversion and repair of large ships and maritime works under CHINA COSCO SHIPPING CORPORATION LIMITED. COSCO SHIPPING Heavy Industry (Zhoushan) CO., LTD., with total plant area of 2 million square meters and 4,060 meters of coast lines, owns a production scale of ¡°Three Dry Docks, Two Slipways and Seven Berths¡±. To be specific, it has a 100,000-ton dry dock, a 150,000+80,000-ton dry dock and a 300,000-ton dry dock; two 100,000-ton slipways; two 70,000-ton berths, a 100,000-ton berth, two 150,000-ton berths and two 300,000-ton berths.