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24 October 2018 The on-line newspaper devoted to the world of transports 04:48 GMT+2



June 4, 2018

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Original news
Joint venture between Chinese COSCO Shipping Technology and the Japanese Furuno Electric Co. and Heisei Trading

The new society will plan and realize systems of navigation and communication for the marine field

COSCO Shipping Technology Co., the society of the shipowning group Chinese COSCO Shipping that develops and produces to systems and technologies for navigation, has signed a joint venture agreement of with the Japanese Furuno Electric Co. and Heisei Trading Co. in order to constitute a society, with center to Shanghai, than one will take care of the planning and the realization of systems of integrated navigation and communication for the marine field let alone of the relative activities of service.

Joint venture, that COSCO Shipping Furuno Navigation will be called Technology (Shanghai) Co. Ltd., will be participated to 50% from COSCO Shipping Technology, to 40% from Furuno Electric and 10% from Hesei Trading.

Scope of the initiative is also to strengthen the technical cooperation in the naval field between the companies, to head for the income in new markets and to develop marks of relief in this activity range.



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