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2012 October 31   10:27

China Shipping Industry plans offshore entry

China Shipping Industry (CIC) is looking to get into the offshore business. Best known as a ship repair company, the group is following the trend of Chinese yards desperate for business with offshore viewed as a boom industry, SinoShip News reports.

A new offshore subsidiary will be launched soon and MoUs have been signed with European offshore fabrication firms in the run up to the launch.

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