The Chinese shipowner Cosco signed an agreement with the
Japanese company of naval construction Kawasaki Heavy Industries
to built a shipyard in Dalian (China). The agreement establishes
that Cosco controls 70 % of the joint venture and that Kawasaki
contributes 30 % remaining. In the first phase the investment
amounts to approximately 500 million dollars. The target of both
companies is that the construction of the new shipyard begins at
the end of the present year and it will be operative in 2010. Once
the first phase of the project is in progress, its constructive
capacity will be 2 million tons and it will increase up to between
2,5 and 3 million tons in a later phase.
|