Greater China

Shanghai Waigaoqiao signs cooperation agreement with Herun

Shanghai: Shanghai Waigaoqiao Shipbuilding (SWS) has entered into a strategic cooperation agreement with Herun Group to jointly develop business in shipping, shipbuilding and trading.

SWS will develop Xiazhidao shipyard, a shipbuilding arm of Herun, to be a large-sized offshore engineering equipment manufacture base, also capable of shipbuilding and ship repair.

“The cooperation will greatly help Herun to develop Xiazhidao shipyard with advanced technology and the brand of the state-owned Waigaoqiao shipyard,” said, Zhang Yong, assistant of general manager of Herun.

Herun launched the Xiazhidao shipbuilding project in 2007, and the company plans to build an 80,000dwt shipbuilding dock and a 300,000dwt ship repair dock.

Herun aims to establish a fleet of 4m tons capacity to transport grains and soybeans, and the cooperation with SWS will provide strong support for the company to realize that target, said Herun.

Herun ordered four 180,000dwt bulk carriers at SWS in October 2013. [16/12/14]

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