Hudong Heavy May Buy Assets from Parent

Friday, July 27, 2007
According to reports, Hudong Heavy Machinery Co. , may buy more shipbuilding assets from its state-run parent as it speeds up expansion to meet robust demand. Assets Hudong Heavy might purchase from China State Shipbuilding Corp. (CSSC) include a shipyard on Changxing island near Shanghai, Yang Jiafeng told Reuters on the sidelines of a shareholders' meeting.

The facility, with annual production capacity of 4.5m deadweight tons, is scheduled to deliver its first two vessels before the end of the year. Last week, Hudong Heavy, originally a ship engine maker, obtained regulatory approval to purchase $1.59b worth of shipbuilding assets -- including Waigaoqiao Shipbuilding Co. -- mostly from its parent via a share placement deal. Source: Reuters

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

SCHOTTEL Debuts EcoPeller with High-torque Gears

Propulsion and steering systems manufacturer SCHOTTEL has unveiled its new EcoPeller (SRE), which it said offers improved efficiency and robustness. Playing a

Fincantieri Delivers Carnival Vista

Carnival Vista, the new flagship of the fleet of Carnival Cruise Line, brand of the Carnival Group, was delivered today at Fincantieri’s shipyard in Monfalcone.

Samsung Heavy Loses $4.6-bln FLNG Order

South Korea’s shipbuilder Samsung Heavy Industries (SHI), the world’s third-largest shipbuilder,  has received a contract termination for three floating liquefied

 
 
Maritime Contracts Maritime Standards Naval Architecture Offshore Oil Pipelines Salvage Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0762 sec (13 req/sec)