Vista Shipping, a joint venture of Hafnia Tankers and a Hong Kong-based financial leasing unit of China State Shipbuilding Corp (CSSC), have placed an order for two 75,000 dwt LR1 product tankers at CSSC Offshore & Marine Engineering Co (Comec).
State-owned China Shipbuilding Industry Corp (CSSC) announced on Tuesday that its subsidiary has filed a lawsuit against bankrupt Jiangsu Eastern Heavy Industry (JEHI) in a bid to claw back RMB78.44m ($11.35m).
China State Shipbuilding Corporation (CSSC) and Wartsila have penned an agreement to establish a joint venture firm to focus on the growing Chinese electrical and automation (E&A) market, especially for high-tech ship applications.