Subscribe to RSS feedJinhaiwan yard in new alliance
East China's Zhoushan Jinhaiwan Shipyard has signed an agreement that will allow China Bohai Bank to become involved in its day-to-day operations, after it took out a Yuan450m (US$65.8m) loan from the bank's local branch in Hangzhou.
The bank will cooperate with Jinhaiwan in merger and acquisition, supply chain management, buyer credit and sales operations in the next five years.
Privately-run Jinhaiwan is mainly engaged in the construction of 176,000 dwt bulk carriers, 110,000 dwt tankers...
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