Shanghai Bestway Marine Engineering Design has announced that its subsidiary yard Dajin Heavy Industry has partnered up with Wuhan Marine Machinery (WMM) for an EPC contract to construct a wind farm jackup platform.
Under the agreement, Dajin Heavy and WMM, as joint sellers, signed a contract with Tianjin Zhongmu Technology to provide design and contruction services for a self-elevating wind farm platform. The total value of the contract is RMB283m ($41.7m).
Earlier this week, Shanghai Bestway’s debt restructuring plan was approved by a local court.
Since the company entered into its restructuring process in February, subsidiary yard Dajin Heavy Industry has secured a series of new orders.