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Mitsubishi Heavy Industries (MHI) has signed a joint development agreement with Sinopacific Shipbuilding to provide technological support for commercial vessel construction.
As first work of the collaborative agreement, MHI will provide the conceptual design, including hull shape, for an 82,000dwt class bulk carrier to be developed by Sinopacific in 2013.
The agreement will be for five years, with an option to extend it further.
Sinpacific Shipbuilding Group chairman and CEO Simon Liang said in the field of bulk carriers the company has been pursuing a strategy of ‘perfection in simple products’.
"Our cooperation with MHI once again proves that SINOPACIFIC is striding ahead in integrating international resources and implementing technology-driven strategy," Liang said.
The bulk carrier, built as part of Sinopacific’s CROWN’series at Yangzhou Dayang Shipbuilding in China, which will aim to meet international standards in efficiency, environmental protection, operability and controllability.
Under the collaboration, both the companies also aim to develop energy-saving ships based on Mitsubishi Heavy technology that improves fuel saving and secure joint orders in the Chinese market.
The partnership planned to be expanded further to include container vessels and small gas transporters.
Currently, MHI is expanding its engineering business through licensing of technology for its Shipbuilding & Ocean Development business sector, while Sinopacific is looking to strengthen its shipbuilding business through introduction of technologies from shipbuilders.
Image:- As part of collaboration MHI will provide the conceptual design, including hull shape for an 82,000dwt class bulk carrier to be built at Yangzhou Dayang Shipbuilding. Photo:Sinopacific