Shanghai-listed Guangdong Songfa Ceramics, part of the wider Hengli conglomerate, has announced it will buy a stake in Hengli affiliate and shipbuilder Hengli Heavy Industries, according to the latest DynaLiners report.
It is important to note that this yard has recently received a letter of intent from the world’s largest container carrier MSC for ten 21,000 TEU LNG-fuelled vessels.
According to DynaLiners, Guangdong Songfa Ceramics will pay for this acquisition, the full extent of which is yet to be confirmed, by selling (perhaps all its) assets and issuing shares.
