ShippingWatch

Kvaerner signs Chinese joint venture

Norwegian shipyard group Kvaerner has struck a deal with China’s COOEC for an engineering partnership set to run for the next ten years.

Norway-based Kvaerner has signed a deal with China Offshore Oil Engineering Co. Ltd (COOEC) and thus established the joint venture Kvaerner COOEC Engineering & Technology Ltd (KCET) in China.

The ten year partnership pertains to engineering solutions and is a part of Kvaerner's and COOEC's delivery model for international EPC projects, the Norwegian company writes in a press release.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Several factors explain the plummeting dry bulk rates

Dry bulk rates have taken an unusual dive at the beginning of 2022. Most recently, the Baltic Dry Index dipped by 4 percent Friday. Several factors have triggered a ”panic in the market,” an analyst explains to ShippingWatch.

Further reading

Related articles

Latest news

See all jobs