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>

<< May 2016 >>
MTWTFSS
25 26 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 1 2 3 4 5

CLIA Cruise360 – A Panoramic View to Cruising

Developed and hosted by Cruise Lines International Association (CLIA), Cruise360 offers a truly panoramic view of the cruise industry…

read more >

Breakbulk Europe 2016

Breakbulk Europe’s targeted programming will ensure that you develop skills and strategy to help you do your job more effectively.

New this year, will be several micro-seminars that will take place in the exhibit hall during the exhibition. And we’ll hold a series of conference sessions, featuring VIP shippers and others, over the course of the two-day exhibition.

Visit the Breakbulk Europe Exhibition, a four-day event being held at the Antwerp Expo in Antwerp, Belgium, to network and connect with over 350 exhibitors and sponsors that provide specialized services. Exhibitors and sponsors include specialized ocean carriers, freight forwarders, ports/ terminals, logistics providers, ground transportation, heavy air, export packers, equipment companies and more.

  • Over 7,200 participants attended Breakbulk Europe 2015
  • Meet with over 350 international exhibitors and sponsors
  • Hear from industry experts during the conference sessions
  • Learn new skills in the educational workshops

More info

read more >

8th Annual: UK Ports Conference 2016

Now in its 8th year, the UK Annual Ports Conference has been expanded for 2016 into a two-day programme, with the option of booking…

read more >

5th Black Sea Ports and Shipping 2016

A two days Conference Programme will feature 30 world-class conference speakers addressing topical issues and challenges covering global…

read more >