China's Yangzijiang Shipbuilding has set up a ship leasing and chartering company to position itself for consolidation opportunities.
The Singapore-listed yard's subsidiary Yangzijiang Shipping has entered into an agreement with "several strategic partners" to establish a private limited company in the city, Yangzijiang Taihua Shipping.
Its initial paid-up capital of $1,100 is split 49.45% for the company and 50.55% for the other investors.
