It is reported that Dong Lin of Chongqing Iron and Steel Group and Li Mingdong, Chairman of Qingdao Yangfan signed the " 2012 Marine Steel Purchase Strategic Cooperation Agreement". In the current sluggish shipbuilding industry, the strategic cooperation between the two sides is conducive to mutual benefit and common development.
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The downturn in the shipbuilding industry is mainly due to the continued bleakness of the maritime market. Shipping companies in trouble have drastically cut down on new ships, and some companies have even asked shipbuilders to lower their previous contract prices. Due to the downturn in the shipping market, some shipping companies have disposed of unprofitable ships in advance.
In order to cope with the unfavorable situation, Chongqing Iron and Steel and the downstream shipbuilding enterprises have strengthened cooperation. This year, they signed the 2012 strategic cooperation agreement with CSSC, Guangzhou Shipyard International and Pacific Shipbuilding Group. Among them, Chongqing Iron & Steel and Pacific Shipbuilding Group also reached a framework agreement on cooperation in the development of Singapore's shipbuilding and offshore steel market.
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