Binhai  Binhai, officially known as Binhai New Area (), is a sub-provincial district and state-level new area within the jurisdiction of Tianjin Municipality in the People's Republic of China. Binhai is intended to replicate development seen in Shenzhen and Pudong in Shanghai. Binhai is located on the west coast of the Bohai Sea and east of Tianjin's main urban area. It is a part of the Bohai Economic Rim. It has an area of , a coastline of , and contains of water and wetlands. Binhai New Area has of water and wetlands and a further of wasteland that is being re-developed into saline land. It has proven oil resources totalling more than 100 million tons, and 193.7 billion cubic meters (6.84 trillion cubic feet) of natural gas. There are 19 subdistricts and 7 towns in the district:   The Binhai district was created by the government of China in the 1990s. In 1996 Soviet aircraft carrier Kiev was sold to Binhai Aircraft Park, a theme park in Binhai. The concept was developed by world tourism and attraction consultant Leisure Quest International. In August 2011, the ex-"Kiev" was developed into a luxury hotel after renovations costing £9.6 million. Starting from November 2009, Binhai New Area was consolidated into a district, and the former subordinate districts of Tanggu, Hangu and Dagang were abolished. Binhai New Area consists of nine functional zones: Advanced Manufacturing Zone, Airport-based Industrial Zone, Binhai High-tech Industrial Development Zone, Seaport-based Industrial Zone, Nangang Industrial Zone, Seaport Logistics Zone, Coastal Leisure & Tourism Zone, Sino-Singapore Tianjin Eco-City and the Yujiapu Financial District. In addition, Tianjin Port whose throughput ranks 5th in the world is also located here. The Binhai district was greatly affected by a large industrial-scale accident in August 2015. On August 12, a series of explosions took place at a port chemical storage facility in Binhai, causing 173 deaths and 797 injuries. The blast had the equivalent of 21 metric tons of TNT or a magnitude-2.9 earthquake, according to the China Earthquake Networks Center. Eight other people remain missing. Yujiapu Financial District located in Binhai is an under construction financial district with a glitzy skyline envisioned to be a center of world trade and finance. Other parts of Binhai have also been intended to be a base for China's advanced industrial and financial reform and innovation.