Marine Link
Sunday, December 4, 2016

McDermott Enters China JV

June 9, 2008

 

CNN reported that one of McDermott International Inc. (MDR)’s subsidiaries has entered into a joint venture with a subsidiary of the state-owned China Shipbuilding Industry Corp.

The joint venture company, Qingdao McDermott Wuchuan Offshore Engineering Company Ltd., plans to establish a new location on over 111 acres in .  The facility is expected to be located next to two new China Shipbuilding shipyards. China Shipbuilding has one floating dock and five drydocks in the area.  McDermott Wuchuan expects to focus its business on floating, production, storage, off-loading vessel construction and integration, the company said.

The new facility will include structural and pipe shops, blasting and painting facilities, module assembly buildings, covered warehousing and lay down areas, the report indicated.



 
Maritime Reporter Magazine Cover Nov 2016 - Workboat Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News