12OCT2018 - NEWS - Mitsui E&S Shipbuilding Co., Yangzijiang Shipbuilding and Mitsui & Co to jointly launch and operate shipbuilding business

Mitsui E&S Shipbuilding Co., Yangzijiang Shipbuilding and Mitsui & Co. have recently entered into a shareholders’ agreement to establish a joint venture to operate a shipbuilding business. As disclosed, the joint venture would be located in Taicang, Jiangsu, China, its primary scope of business being construction and sale of merchant vessels. The business is scheduled to start operation in April 2019. Japanese shipbuilders have been actively pursuing cooperation initiatives over the recent period as a way of increasing their competitiveness when compared to Chinese and Korean rivals.
 

Published by Editor - www.Livebunkers.com at 12-Oct-2018 05:02:40 [UTC] , contact editor at editor@livebunkers.com