Zhoushan Xinya Shipyard Co., Ltd. was founded in August 2002 and is currently the largest private corporation in the ship repairing industry in China, owning three production bases. Xinya Shipyard is located at Donglangzu, Liuheng Town, Zhoushan City, Zhejiang Province, where is at the south bank of Shuangyu Port (Fodu Waterway).