The Yangtze port city of Huangshi is attempting to restore its shipbuilding glory by giving the go-ahead to Huangshi Jinzhou Shipyard. The new shipyard, located in Yangxin county, is to be built on a 229,000 sq metre plot of land with a total investment of Rmb500m. Upon completion, it will have an annual capacity to build 10 vessels of up to 20,000 dwt each.

In the 1970s and 1980s, the old Huangshi Shipyard employed more than 1,000 people and specialised in building dredgers, tugs and barges for clients in Hong Kong and Singapore. At the time, it was the second largest shipyard among the 18 located in Hubei province. The old shipyard started its decline in the mid 1990s under the pressure of rising steel prices and a shortage of funding. In December 2000, it was declared bankrupt.