Yangzijiang buys into Tsuneishi’s China yard

Yangzijiang Shipbuilding, China’s largest private shipbuilder, has partnered with Japan’s Tsuneishi Holdings to acquire a 34% stake in Tsuneishi Group (Zhoushan) Shipbuilding for $117m. The joint venture has previously collaborated in shipbuilding through Jiangsu Yangzi-Mitsui, enhancing their industry presence and capabilities. This strategic move strengthens their position in the shipbuilding market and fosters continued growth and innovation in the industry.

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