COSCO Shipping Heavy Industry is moving ahead with plans for an RMB8bn ($1.1bn) shipbuilding base in Tianjin featuring two VLCC-scale drydocks, adding another significant block of capacity to China’s rapidly expanding shipbuilding industry. New environmental filings show the greenfield yard will occupy 145.9 hectares in Tianjin’s Lingang Economic Area and use around 1,736 m of …