Yangzijiang has entered into a MOU with Taiwan-listed megaship builder, CSBC Corporation. While details are not publicized, CSBC will provide vessel designs while YZJ will supply the labour and shipyards for execution. The deal is largely beneficial to YZJ, allowing them to get a foot into the large containership market and penetrate the Taiwan mkt...
Deal is strategically beneficial for YZJ moving up the value chain and enhancing R&D. YZJ reported 3Q strong revenues of Rmb3.08b and net profit of Rmb730.4m on Tues.
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