Yangzijiang Group And Mitsui To Establish A Shipbuilding Joint Venture
Mitsui E&S Shipbuilding Co., Ltd. (“MES-SC”), in partnership with Yangzijiang Shipbuilding (Holdings), Ltd. (“YZJ”) and Mitsui & Co., Ltd. (“Mitsui”), has entered into a shareholders’ agreement to establish a new joint venture to operate a shipbuilding business.
The partners plan to set up the joint venture by following the necessary procedures, including examinations.
The new company will aim to build a globally competitive shipbuilding business by combining YZJ’s high production capacity, Mitsui’s extensive sales capabilities and MES-SC’s advanced technology.
Taking advantage of its technology that has been accumulated in the 101 years since its founding, MES-SC will continue to provide new value as a manufacturing company that meets the demands of a range of customers in the ship and marine industry.
Overview of the joint venture
| Location | Taicang, Jiangsu, China |
|---|---|
| Commencement of operation | April 2019 (planned) |
| Scope of business | Construction and sale of merchant vessels |
Reference: mes.co.jp
Latest Shipping News You Would Like:
US Navy Decommissions Guided-Missile Cruiser USS Bunker Hill In San Diego
Ukrainian Missile Strikes Russia’s Black Sea Navy Headquarters In Crimea
Cocaine Worth $80 Million Seized From Cargo Ship’s Hull In Melbourne Port
US Navy Unmanned Surface Vessels Visit Yokosuka, Japan For The First Time
U.S Navy To Carry Out Biggest Overhaul of Its Top-Secret Undersea Surveillance Network To Counter China
Shipping News You Would Like:
Get the Latest Maritime News Delivered to Your Inbox!
Our free, fast, and fun newsletter on the global maritime industry, delivered everyday.