Independent journal on economy and transport policy
08:27 GMT+2
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Joint venture Austal - Jianglong Shipbuilding for the planning and construction of fast ferries in China
the ships will be destined at the market Chinese
June 7, 2016
The Australian group Austal has announced today own return in the Chinese navalmeccanico market through joint venture constituted with the shipbuilding society Guangdong Jianglong Shipbuilding Co. of Zhuhai with the objective to plan and to construct fast ferry boats to employ on the Chinese national routes. Joint venture, called Aulong Shipbuilding Co. Ltd., is participated to 40% from Austal and 60% from Jianglong Shipbuilding. This last one has two ship yards both in the Province of Guandong, one to Zhuhai specialized in the construction of luxury yacht and the other to Zhongshan specialized in the construction of fast ferries, where it employs about thousands assigned.
Remembering that the Chinese government has established that the operating life of the fast ferries can arrive to the maximum to 25 years, Austal has evidenced that in the next few years the units of this type currently in service will have to be replaced from new means. "The obligation of I renew of the fleet with the increasing domestic demand - it has found the managing director of the Australian group, David Singleton - will represent a remarkable opportunity of market for the Austal. Since now the Chinese customers are looking for constructed locally ships, joint venture with the consolidated Jianglong ship yard will allow to Austal to compete in the Chinese domestic market without the need to realize new shipbuilding structures".
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The Australian group Austal has announced today own return in the Chinese navalmeccanico market through joint venture constituted with the shipbuilding society Guangdong Jianglong Shipbuilding Co. of Zhuhai with the objective to plan and to construct fast ferry boats to employ on the Chinese national routes. Joint venture, called Aulong Shipbuilding Co. Ltd., is participated to 40% from Austal and 60% from Jianglong Shipbuilding. This last one has two ship yards both in the Province of Guandong, one to Zhuhai specialized in the construction of luxury yacht and the other to Zhongshan specialized in the construction of fast ferries, where it employs about thousands assigned.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
