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Yangzijiang JV to ease its passage into large LNG carrier market

PC Lee
PC Lee10/12/2018 11:49 AM GMT+08  • 3 min read
Yangzijiang JV to ease its passage into large LNG carrier market
SINGAPORE (Oct 12): Yangzijiang Shipbuilding's joint venture agreement with MES-SC and Mitsui to establish a new shipbuilding company to tap the fast-growing gas carrier market is a positive development for the company, says DBS Group Research.
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SINGAPORE (Oct 12): Yangzijiang Shipbuilding's joint venture agreement with MES-SC and Mitsui to establish a new shipbuilding company to tap the fast-growing gas carrier market is a positive development for the company, says DBS Group Research.


See: Yangzijiang partners MEX-EC, Mitsui to construct commercial vessels

The registered share capital of the JV will be up to US$99.9 million ($137.2 million) and total capital expected to be employed could amount to US$299 million. Yangzijiang will hold a 51% stake in the JV.

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