K Line takes stake in Zhejiang shipyard

JAPAN’s Kawasaki Kisen Kaisha has made its second investment in a Chinese shiprepair yard, taking a 12% stake in Zhejiang Eastern Shipyard (Zesco) in eastern China’s Zhejiang province about 34 km south of Shanghai.
The shipping company invested $25m in August last year to become a strategic partner in the Titan Quanzhou Shipyard, about ...

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