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2012 October 23   18:25

AVIC looking to buy shipyard network

China's AVIC International Investments is looking to buy shipyards, SinoShipNews reports. The Singapore-listed company recently purchased Finland-based ship design firm Deltamarin. AVIC wants to acquire niche yards – and not just in China but across the world.

“With the gradual establishment of the shipbuilding and ship design capabilities, the company intends to build up comprehensive service capabilities in the shipping industry,” executive chairman Diao Weicheng was quoted as saying on shipbuilding website Asiasis.

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