The Spanish Company Gabadi and Chinese partner AojiHeng Offshore Engineering (AJH) have inaugurated their Joint Venture “Gabadi Marine Engineering (Shanghai) Co., Ltd”, in Pudong, Shanghai, aiming to explore LNG opportunities in the Chinese shipbuilding market.
GABADI, a membrane tank outfitter of GTT aims to enter into the Chinese market and contribute to the development of the LNG retail shipping and the gas fueled ships with Chinese shipyards. AJH, Chinese outfitter, is focusing on new trends in shipbuilding technologies and wants to stay at the forefront by taking a leading role in the promising LNG as fuel area.
Antonio Jose Llago Hermida, CEO of Gabadi and Chairman of the JV, said at the occasion that the joint venture is expected to enhance the competitiveness of Chinese shipyards in building gas fueled ships and small/mid-scale LNG carriers.
“We believe that outfitting is the most suitable business model for most Chinese shipyards, who wish to risk less investment as they step into the new environmentally friendly shipbuilding business” said Sam Xin, founder of AJH and Vice Chairman of Gabadi China.
Representatives from several companies in the LNG industry attended the opening ceremony, including the technology Licensor, GTT China. Adnan Ezzarhouni, General Manager of GTT China pointed out the clear demand in Chinese market for the construction of GTT membrane tanks.
“GTT is pleased to see Gabadi investing in China in order to support the market demand and offer a one-stop-shop solution for the shipyards”, concluded Mr Ezzarhouni.
