CHI and GTT have concluded a strategic agreement


CHI (Cosco Shipping Heavy Industries) and GTT have decided to join forces to better tackle the challenging market and its new orientations.

To this end, on the 18th of January 2018, they signed an agreement regarding LNG as fuel newbuildings and retrofits, small-scale carriers, FLNGs, etc. Projects which correspond to CHI’s strategic development priorities, i.e. remaining competitive and covering all products in its fields of specialisation.

CHI is well established in China, with 10 modernised shipyards and over 30 specialised companies dedicated to provide support to its core business. The Group is in a position to repair and retrofit about 1,500 merchant vessels, to build 11 million DWT new ships annually, and to handle different types of offshore projects.

This is a win-win situation for both entities. The signing of this contract is in full line with their future vision, focused on innovation.