Greater China

Bestway invests in ecoship venture

Shanghai: Private Chinese ship design company, Shanghai Bestway, plans to invest RMB24.346m to jointly set up a ship energy saving venture with China Ship Scientific Research Center, Dongfang Maritime Engineering Technology and CSIC Scientific Technology Investment.

The new jv will be engaged in design, research and technology consulting in energy saving marine propulsion systems.
The cooperation with domestic leading industry players will help the company to expand its marketshare and strengthen the company’s brand, Bestway said in a statement. [13/01/14]

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