The cooperation framework includes the joint development of LNG carriers, LNG refuelling stations, carriers adapted for ship-to-ship LNG transfer and modification of dual-fuel LNG ships.
Depending on the development of the LNG carrier and large-size container markets, the parties may strengthen the strategic partnership to jointly develop launching ports and assembly plants.
COSIG’s indirect wholly-owned subsidiary Jiangxi Jiangzhou United Shipbuilding Company (JJUSC) will be used for this LNG development.
Jianglian Heavy Industries may rent from JJUSC shipbuilding facilities, factories, premises and shipyards for the production of single containment LNG tanks and large-size non-standard containers.
“The board believes that the strategic cooperation (…) will benefit both the group and Jianglian Heavy Industries by utilising their strengths in their respective businesses to gradually enter into the developing market of LNG carrier shipbuilding sector in the People’s Republic of China,” Hong Kong-listed COSIG said.
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