Shipbuilding Support from MHI for Sinopacific Newbuildings
MHI will provide technological support to Sinopacific in the area of commercial vessel construction. MHI is currently promoting expansion of its engineering business mainly through licensing of technology, while Sinopacific is taking steps to strengthen its shipbuilding business through introduction of technologies from advanced shipbuilders. The respective aims of the two companies thus coincide. As their first collaborative work, the two firms will jointly develop an 82…
Daewoo Heavy Gets $110 M For Two Ships
Daewoo Heavy Industries Co. Ltd., a unit of South Korea's Daewoo Group, won $110 million orders to build two ships for Norway and Hong Kong, company officials said. Daewoo Heavy said in a statement that the Wilhelmsen Group of Norway placed an order for a RoRo ship worth $75 million. The Tai Chong Cheang Group of Hong Kong ordered a 173,000 dwt class bulk carrier for $36 million. Each of the contracts with the companies included an optional order to buy further identical ships, officials said. The RoRo carrier will be delivered by February 2001, and the bulk carrier is to be delivered by the end of 2001, Daewoo officials said.
