Yangzijiang takes 60% stake in Singapore ship design firm

China’s Yangzijiang Shipbuilding is taking a 60 percent equity interest in Singapore marine technology and ship design consultancy CS Marine Technology Pte Ltd (CSMT). CSMT’s wholly-owned subsidiary in China, Barber-CS Marine Technology (Shanghai) Co. Ltd., specializes in marine consulting, designing and engineering for the shipbuilding and offshore sectors.

Yangzijiang Shipbuilding says the acquisition will enable it to tap into leading ship design expertise to consolidate and strengthen its current in-house design capabilities and will give it an edge over other shipbuilders by offering high value added turnkey ship-design services.

July 29, 2011