China: Yangzijiang Plans Joint Ventures with Qatar Investment Corp

Yangzijiang Shipbuilding (Holdings) Ltd., a large shipbuilding enterprise in China, is planning new joint ventures with Qatar Investment Corp (QIC) to move further into the offshore marine business.

Yangzijiang agreed with QIC to invest $110m in YZJ Offshore Engineering Pte Ltd (YOEPL), a Singapore-based 50 – 50 joint venture.

According to further plans, YOEPL is to invest $100m and Yangzijiang to invest $150m in YZJ Offshore Engineering China, a new China based company.

Design, procurement and marketing services will be provided by YOEPL, while YZJ Offshore Engineering China will provide turnkey production and fabrication.

Yangzijiang stated that the investment is in the best interest of the group to enhance the capabilities in design and construction of offshore platforms and vessels and to improve the group’s development and competency strategies.

Shipbuilding Tribune Staff , December 12, 2011

 

Share this article

Follow World Maritime News

Posted on December 12, 2011

In Depth>

Events>

<< Jul 2016 >>
MTWTFSS
27 28 29 30 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

SEATRADE CRUISE MED 2016

The conference is a leading platform for discussion and debate on issues confronting the cruise industry in the Mediterranean and its adjoining seas…

read more >

SMM 2016

SMM Hamburg 2016 is the leading international forum of the maritime industry.SMM offers the unique chance for exhibitors and trade visitors…

read more >

5th Annual Salvage & Wreck Asia Conference

Hear industry leaders debate:
• Combating piracy in South Asia
• Preparing for industry growth in the cruise ship sector…

read more >

Global Liner Shipping Asia Conference

Alliances analysed – will changes have a positive or negative impact on the industry?
Lloyd’s List/Containerisation International Business Briefing…

read more >