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16 December 2018 The on-line newspaper devoted to the world of transports 04:52 GMT+1



October 11, 2018

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Original news
Joint venture of the Japanese MES-SC and Mitsui & Co. and of the Chinese Yangzijiang Shipbuilding

A new ship yard to Taicang will be constructed, in China

The Japanese Mitsui E&S Shipbuilding Co. (MES-SC) and Mitsui & Co. they have signed an agreement with the navalmeccanica society Chinese Yangzijiang Shipbuilding (YZJ) in order to constitute joint venture active in the field of the civil shipbuilding with center to Taicang, in the Chinese province of Jiangsu where the ship yards of the YZJ are situated. The previewed investment will pile until 299 million dollars.

The share capital of joint venture will be of 99,9 million dollars, of which 51% of property of the Yangzijiang Shipbuilding. According to the forecasts, the activity of the new society will be started the next April.

"The joint venture new - the executive president of the Yangzijiang Shipbuilding has explained, Ren Yuanlin - is previewed will consolidate the advance technology of shipbuilding of the MES-SC and our ability to shipbuilding that is efficient in terms of costs. We - he has added Yuanlin - are optimistic about the question of China of import of which liquified natural gas and ships for the GNL transport. The constitution of the joint venture new will increase the competitiveness of group YZJ and will safeguard the dominant position of the Chinese naval constructors in the current phase of consolidation of the total shipbuilding industry".

ABB Marine Solutions
Consorzio ZAI



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