Germanischer Lloyd and China Ship Fund sign strategic cooperation

Hamburg: Classification Society Germanischer Lloyd will provide engineering services to the China Ship Fund.

The strategic cooperation agreement has been signed by Xu Hui, Chairman Centrans, and Dr Hermann J Klein, Member of the Executive Board Germanischer Lloyd, at the SMM exhibition in Hamburg. Under the collaboration agreement Germanischer Lloyd will provide complete support and solutions in all stages of the ship design and building process. Specific focus will be on analyses with regard to ship efficiency, low emissions and low fuel consumption for tankers and bulk carriers. The demand for domestic and international transport of oil and gas in China will continue to rise. Therefore, the Chinese logistics group Tianjin Centrans and the government of the city of Tianjin has initiated the “China Ship Fund”. The investment institution structures and executes investments in all shipping sectors and logistics. They finance bulk carriers, tankers and containerships as well as special purpose vessels like converted refinery platforms. The China Ship Fund was one of the four funds newly approved by the China National Economic and Reform Committee with a capital base of 3 billion US-Dollar.

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