Yangzijiang Shipbuilding, Dohle Enters Joint Venture Agreement (China)

Yangzijiang Shipbuilding is teaming up with Dohle to take the ownership of four post-panamax bulkers which are at the moment under construction at Yangzijiang’s shipyard.

Singapore-listed Yangzijiang announced that one of its subsidiaries, SEAVI Advent Investments Asia, has entered a joint venture with Dohle in order to organize special purpose companies that will own the vessels. These 92,500 DWT bulk carriers are scheduled for delivery in the first quarter of 2012.

China Development Bank is going to finance 70% – 75% of the costs.

One of the Yangzijiang’s officials said: “The board is of the view that the investment is in the best interest of the group and to alleviate the pressure of less new shipbuilding orders in bulk carrier market.”

Yangzijiang Shipbuilding (Holdings) Ltd, large shipbuilding enterprise, is the first shipbuilding enterprise in China that entered he stock market in Singapore. The Company covers area of 2.2 million M2 and a wharf line of 3,000m, and employs over 10,000 staff and workers. Equipped with one large dry dock and five large and medium-sized slipways, the Company boasts the shipbuilding capacity over 1 million DWT annually in terms of ship tonnage. The main stream products of the Company range from large and medium-sized containerships, large bulk carriers to, medium multi-purpose ships.

Shipbuilding Tribune Staff, January 18, 2012; Image: yzjship

Share this article

Follow World Maritime News

Posted on January 18, 2012

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

TOC Europe 2016

The events now have a renewed focus on supply chain making them the premier business and networking event for the stakeholders within…

read more >

7th Annual International Port Security Conference

The SMi Group announces the 7th annual International Port Security Conference. The event will be held in London on the 1st and 2nd of June 2016.

The conference aims to bring together key decision makers in the industry to discuss modern methods of port security and provide effective learning experiences for all delegates through the carefully selected expert speaker line up.

Interacting with delegates from across the globe and hearing from industry leading experts will ensure delegates are up-to-date with high priority information that enables you to best secure your seaports, civilians and means of trade.

Topics to be discussed include terrorism, cyber terrorism, emergency intervention procedures, optimising technology use in security checks and case studies featuring some of the largest ports across the world. Our diverse range of topics will allow delegates to learn best practices for port security and understand further how other ports are resolving core challenges.

More info

read more >

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 >

Posidonia 2016

Posidonia is a firm fixture for the global shipping industry. Every two years it is the essential place for serious business at the largest…

read more >