China Ocean Orders Four VLCC's
COSCO Group has ordered 4 Very Large Crude Carriers (VLCC) from China Shipbuilding Industry Corporation (CSIC). The ceremony was attended by Chairman Ma Zehua, President Li Yunpeng, Chief Financial Officer Sun Yueying, and Executive Vice President Ye Weilong of COSCO Group, as well as President Li Changyin, Executive Vice President Dong Qiang and Executive Vice President Sun Bo from CSIC. COSCO inform that managers and executives from relevant departments and subsidiaries of the two companies also attended the ceremony.
MAN B&W Extends Reach in China
Håkan Samuelsson (left), Executive Board Chairman of the MAN Group, and Li Changyin, CSIC President, signing the contract in Munich. The MAN B&W Diesel Group and the China Shipbuilding Industry Corporation (CSIC) agreed upon comprehensive cooperation with regard to the development and production of large diesel engines. The frame agreement, which was recently signed in Munich, also provides for close cooperation in the purchase and production of components, personnel training and licence production of MAN B&W turbochargers. Signing of the agreement was the focus of a comprehensive programme organised for the visit of the CSIC Top Management to the MAN B&W locations in Copenhagen, Augsburg and Munich. “This agreement will deepen and extend our cooperation.
