SembCorp Marine to Expand Business in China

According to reports, SembCorp Marine will invest $27.8M over two years to grow its ship repair and ship conversion business in China. It is investing that money into Cosco Shipyard Group. SembCorp Marine already holds a 30 percent stake in Cosco Shipyard. It has five shipyards - from Dalian in the north of China to Guangzhou in the south.