On May 16, COSCO SHIPPING signed the cooperation agreement with GeoSea NV, the subsidiary of DEME Group, a Belgian marine engineering giant, to establish a new joint venture company 'Guangzhou COSCO SHIPPING DELI New Energy Engineer Co, Ltd., which marks its officially entering into the offshore wind power equipment transport plus installation market. Meanwhile, to accord with the domestic standards of engineering projects for enterprising and engineering qualification, COSCO SHIPPING will set up a sole-proprietorship subsidiary company.
According to the cooperation agreement, the whole investment for the joint venture company is 150 million CNY with two companies' equity ratio 50%:50%.The establishment of the joint venture company will introduce advanced wind power equipment installation techniques to extend industrial chain integrated business such as basic design & construction, project management, offshore wind plant operation and maintenance. It will also integrate superior resources between China COSCO Shipping and DEME.
Cosco Shipping Company Limited published this content on 06 June 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 06 June 2016 06:19:02 UTC.
Original documenthttp://www.coscol.com.cn/En/News/detail.aspx?ID=11005
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COSCO SHIPPING Specialized Carriers Co Ltd is a China-based company principally engaged in the operation of special cargo-related ocean shipping business. The Companyâs ships sail between multiple ports in multiple countries and regions, mainly include European routes, American routes, African routes, Pan Indian Ocean routes, Pan Pacific routes, etc., and opened third-country routes such as Atlantic routes between Europe, the Mediterranean and South America. The Companyâs main ship types include semi-submersible ships, multi-purpose ships, heavy lift ships, pulp ships, motor ships, timber ships, asphalt ships, and motor ships. The ships of the Company can carry cargo including drilling platforms, locomotives and train cars, wind power equipment, bridge cranes, complete equipment and other ultra-long, overweight, oversized, unsuited boxes and special carrying and loading requirements, as well as pulp, wood and other bulk commodities.
COSCO SHIPPING SPECIALIZED CARRIERS CO.,LTD. 
