The Finnish private-owned company Delta-Sigma Ltd (owner of Deltamarin Ltd
and Deltamarin Contracting Ltd
) and the Chinese state-owned company Shandong New Shipbuilding Heavy Industries Co., Ltd have established a joint venture company to provide technical and engineering services to Chinese shipbuilding and marine industry market. The new company is called Shandong Deltamarin Ship Design Co., Ltd, and its office is located in Weihai City, Shandong Province. The company will start working with personnel of 30 people, majority of them coming from the engineering department of the shipyard. In the beginning most of the engineering will be provided to the local shipyards but in the next coming years the number of personnel will rise to about 100 as the market expands. Wu Jian Chun, former director of engineering at the shipyard, has been appointed as the managing director of the new company.