The 20th "SPEC" Conference of Chinese Shiprepair Enterprises Convenes in Jiangyin

（2007-04-13）

　　On April 13, the 20th "SPEC" conference of Chinese shiprepair enterprises convenes in Jiangyin City, more than 20 representatives from 11 members attend this conference;

At the meeting, Mr. Lu Ziyou, deputy general manager of our company makes the subject report on behalf of Mr. Hu Jingen, general manager of our company, and introduces the production situation of 2006 and the future planning of Chengxi Shipyard Co., Ltd. The members report their own production situation of 2006 and discuss the market trends and the countermeasure for the second quarter onward of year 2007. All the members carry on the EO working report and discuss the documents agreed by the 19th "SPEC" conference. The market analysis is carried out for the executive situation of last time and the warning line of second quarter 2007. At the meeting, the situation of "the high risk shipowner" is notified and the shipowner lists of "the warning", "the sanction" & "the withdrawal" are deliberated; Other proposals proposed by the members are negotiated as well.