Shipbuilder launchesLNG vessel construction project
Yangzhou Dayang Shipbuilding Co launched a project onWednesday in Nantong, Jiangsu province, to build liquefied natural gas vessels. Dayang, which builds medium-sized bulk carriers, has received orders for 100 Crown 63,000-deadweighttonnage vessels, of which 32 have been delivered. The shipyard signed a strategic cooperation agreement with the Jiangsu HaitongMarine Engineering Equipment Co in January for the rental of its facilities and equipment. The new line is set to produce three 27,500-cubic-meter LNG vessels this year, with more orders expected. Ltd reported its slowest annual revenue growth in three years onWednesday. The company made 4.47 billion yuan ($732.8 million) in revenue in 2013, up 11.74 percent year-on-year, according to its annual report. Net profit grew 28.76 percent from 2012 to 800 million yuan. Shanghai Jahwa share prices fluctuated drastically last year due to leadership restructuring and illegal information disclosure charges. Thursday it plans to release 15 movies in 2014, with the goal of taking in 3 billion yuan at the box office. In 2013, it released nine films, generating more than 1 billion yuan in ticket sales, and achieving third place among private movie companies in China, where the national box office hit 21.77 billion yuan last year, up 27.51 percent year-on-year. The company also announced its development strategy for the next three years, in which it will transition from a traditional movie company to an Internet company.