Shagang moves into shipbuilding with Tianjin venture

China’s largest privately owned steelmaker, Shagang, has entered the shipbuilding business with the establishment of a wholly owned subsidiary in Tianjin, joining a growing procession of industrial groups looking to capitalise on China’s booming newbuilding market. Jinsha Heavy Industry (Tianjin) has just been registered with capital of RMB70m ($10m). Its business scope encompasses shipbuilding, s Read full article →