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.

MES & Mitsui _shipbuilding JV
Image Credits: mes.co.jp

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.

MES and mitsui
Image Credits: mes.co.jp

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

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The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

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Marine Insight News Network is a premier source for up-to-date, comprehensive, and insightful coverage of the maritime industry. Dedicated to offering the latest news, trends, and analyses in shipping, marine technology, regulations, and global maritime affairs, Marine Insight News Network prides itself on delivering accurate, engaging, and relevant information.

About Author

Marine Insight News Network is a premier source for up-to-date, comprehensive, and insightful coverage of the maritime industry. Dedicated to offering the latest news, trends, and analyses in shipping, marine technology, regulations, and global maritime affairs, Marine Insight News Network prides itself on delivering accurate, engaging, and relevant information.

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