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Hanwha Ocean to exit Chinese joint venture
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Hanwha Ocean to exit Chinese joint venture
Pictured above is a fixed offshore production platform built by Hanwha Ocean prepares to depart for the Al-Shaheen oil field in Qatar. [Photo courtesy of Hanwha Ocean] South Korea’s Hanwha Ocean is set to dissolve its joint venture with Chinese shipbuilder China Merchants Heavy Industry (CMHI), in a move to restructure its global strategy following its acquisition of Singapore-based offshore module specialist Dyna-Mac Holdings. According to loca…
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