Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Cosco Shipyard buys into Jiangsu facility

Cosco Shipyard buys into Jiangsu facility

Singapore:  Cosco Shipyard has entered into an agreement with Jiangsu Lianyungang Port to form a joint venture company named Cosco Lianyungang Shipyard Co. (Cosco Lianyungang).
Cosco Lianyungang has a registered capital of $24.7 million. Cosco Shipyard (Group) has 60% shares in the venture, with Jiangsu Lianyungang holding 40%. Cosco Lianyungang will be a subsidiary company of Cosco Shipyard (Group).
Cosco Lianyungang also announced that it has won an LNG-to-Chip-vessel conversion project from TMT Co.
DBS Vickers in Singapore applauded the move suggesting it would allow Cosco's Nantong yard to concentrate on oil and gas and offshore projects. [07/01/08]

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.