Wuhu Shipyard announced an agreement with two local financial leasing companies to collaborate on new projects with a potential value exceeding RMB30bn ($4.1bn). The deal is a major step for the largest shipbuilding business in Anhui province, previously known as Fujiheng Machinery Plant, as it seeks to expand and diversify its operations.
The agreement will see Wuhu Shipyard partnering with Wanjiang Financial Leasing and Yingxing Financial Leasing to establish a long-term cooperation mechanism and deepen strategic collaboration in various areas, including ship financial leasing, development of new energy-efficient vessels, ship asset transfer, and technical consulting services.
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