The acquisition of the current Arctech Helsinki Shipyard in Finland will be finalized in May, the involved parties say, having agreed to transaction terms on May 9.
Shanghai Shipping Maritime Technology, a wholly-owned subsidiary of Cosco Shipping Shanghai branch, opens up a new ship repair base in Zhoushan, Zhejiang province.
AVIC International Holdings has entered into an agreement with China Merchants Offshore Engineering Investment to transfer its entire 69.77% equity interest in AVIC Weihai Shipyard
