Chinese logger/ship builder in US$2M investment
A Chinese ship-building company has opened a US$2 million ($400 million) operation at Coverden, East Bank Demerara and has already constructed a US$2 million vessel which is open for viewing by the public.
The company, Zhong Hao Shipyard Inc, is an entirely new venture. Work on the ship started in August. According to Su Zhironj, the business’s Chinese proprietor, the vessel is 95% complete, and requires an additional coating of paint on its exterior before it is launched into the Demerara River before January 10, 2014.