The ship leasing of Ocean Engineering joint venture subsidiary in Singapore

     In order to comprehensively promote the China State Shipbuilding Corporation marine business development, China ship (Hongkong)shipping leasing company set up subsidiary company -- Rui Lin MarineEngineering Co Ltd in singapore. The afternoon of September 17th, twoRui Lin marine shareholders in ship leasing and Taishan oil (Singapore)Company Limited formally signed a shareholder agreement in singapore.

     Rui Lin marine registered capital of 10000000 Singapore dollars, inwhich, boat rental paid 7000000 Singapore dollars, accounting for all70% of the shares; Taishan petroleum invested 3000000 Singapore dollars, accounting for all of the shares of the 30%. After the founding of the company, will be fully into the international marine engineering,marine engineering, focus on the development of offshore business,including platform and marine engineering construction, leasing,management, operation and operation etc..

     With the help of Singapore companies in the world leading positionadvantage and resource in the market, technology, talent, capital and other aspects in marine engineering, marine established Rui Lin will ship in the group opened the international ocean engineering market quicklyto provide design, technology and management and a full range of support. At the same time, make full use of its own international platform,take the lead in the perception of market demand, to explore the innovation of business model, hired international team, boosting CSSCrealizes to the marine engineering operation management and marketingvalue chain of high-end business development goals, become an important platform for ship group foreign extension of marine business,comprehensively enhance the international competitiveness of marine.