MacGregor cooperation with CSSC
(Posted on 01/11/18)
MacGregor and China State Shipbuilding Corporation (CSSC) have signed a Letter of Intent (LOI) on strategic cooperation. The LOI was signed on 29 October, 2018 at an executive level meeting in Beijing led by Lei Fanpei, the CSSC Chairman and Michel van Roozendaal, MacGregor President.
MacGregor sees that this cooperation will further strengthen its presence in Asia and specifically in China, the world's biggest shipbuilding market. CSSC is a very important partner for MacGregor, as it is the primary shipbuilding group in China and well positioned as a global leader in the industry.
The LOI relates to MacGregor's planned acquisition of the marine and offshore businesses of TTS Group and future cooperation potential between the two groups. The acquisition is subject to regulatory approvals in China, Germany and South Korea, and MacGregor is expecting to receive these approvals by the end of 2018.
The mutual trust built between MacGregor and CSSC during the 30 years of partnership will be a solid foundation for the new chapter of strategic cooperation.
Latest News
Bruks Siwertell Group announces leadership transition
(Posted on 31/03/25)Bruks Siwertell Group has announced a leadership transition as Peter Jonsson steps down as CEO after... Read more
ClassNK issues AiP for OceanWings Rigid Windsail Type WAPS
(Posted on 31/03/25)ClassNK has issued an approval in principle (AiP) for a Rigid Windsail Type Wind-Assisted Propulsion... Read more
Seafarers welcome Elcome’s new pay-as-you-go high speed internet service
(Posted on 27/03/25)Elcome International’s new high-speed internet service, WELCOME, is revolutionising the way ship... Read more
Kaiko funding to enhance resilience in maritime operations with AI
(Posted on 27/03/25)Kaiko Systems, a leader in AI-driven frontline intelligence for the maritime industry, today announced... Read more
Liebherr manufactures 2,000th LHM
(Posted on 19/03/25)Marcegaglia’s latest acquisition, the LHM 600, marks a significant milestone as the 2,000th mobile... Read more
IOMSR plays key role in pioneering maritime wind power project
(Posted on 18/03/25)The Isle of Man Ship Registry (IOMSR) is playing a key role in the development of a high-tech sail aimed... Read more
AtoB@C Shipping at halfway in newbuilding programme
(Posted on 18/03/25)AtoB@C Shipping, subsidiary of ESL Shipping, has taken delivery of Terramar in Goa, India on 14 March... Read more
Strong VIKING on track towards new goals
(Posted on 18/03/25)As a new strategy period commences, VIKING Life-Saving Equipment A/S has achieved strong financial results... Read more
Baltic Exchange introduces biofuel blends in expansion of Emissions Calculator
(Posted on 12/03/25)Baltic Exchange has introduced a series of green fuel options to its FuelEU voyage and compliance cost... Read more
Veson Nautical and Cargill expand long-standing partnership
(Posted on 06/03/25)Veson Nautical, a global leader in maritime data and freight management solutions, and Cargill have... Read more
