Yangzijiang says that by owning this stake in this regular customer, it "enhances alignment" between vessel demand and its production planning and yard development strategy.
Yangzijiang Shipbuilding plans to pay US$825.7 million to take a 10% stake in a key customer, charter owner Seaspan Corporation, which has been giving it shipbuilding orders for around two decades.
According to Yangzijiang, this acquisition will "further strengthen" its "strategic relationship" with Singapore-based Seaspan and "support closer long-term collaboration".
