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HomeMaritime NewsRegionsAsiaKawasaki Heavy to raise stake in Cosco yard

Kawasaki Heavy to raise stake in Cosco yard

Kawasaki Heavy to raise stake in Cosco yard
Tokyo: Kawasaki Heavy Industries (KHI) is planning to raise its stake in its joint venture firm Dalian Cosco Shipbuilding Industry Co (Dacos) from Cosco Group.

The Japanese shipbuilding intends to purchase an additional 34% stake in Dacos from its existing 15% ownership. The financial terms of the deal were not disclosed.

KHI owns the stake in the Chinese yard through its share in Nantong Cosco KHI Ship Engineering Co, a 50-50 joint venture it set up with China's Cosco Group in 1995.

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