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China Offshore Shipbuilding

China to set up $3bn tech firm for offshore engineering

A consortium of 10 state-owned companies, including shipbuilders, oil and gas majors, will comprise the shareholders of the new entity

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The country’s largest shipbuilding group, China State Shipbuilding Corp, will lead the investment by holding a 19% stake in China Ocean Engineering, which will focus on the overall design and final assembly of offshore equipment

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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