Skip to main content

MacGregor and CSSC sign LOI on strategic cooperation

Published by
LNG Industry,

MacGregor has announced that it has signed a letter of intent (LOI) with China State Shipbuilding Corp. (CSSC) on strategic cooperation.

MacGregor, which is part of Cargotec Corp., claims that this cooperation will further strengthen its presence in Asia, especially China, which is the biggest shipbuilding market in the world.

The LOI relates to MacGregor’s planned acquisition of the marine and offshore businesses of TTS Group and future cooperation potential between the two groups. The acquisition is subject to regulatory approvals in China, Germany and South Korea, and MacGregor is expecting to receive these approvals by the end of this year.

In the statement, MacGregor claims that the mutual trust built between both companies during 30 years of partnership will be a good foundation for this latest chapter of strategic cooperation.

Read the article online at:

You might also like

 STATS Group

[WEBINAR] Digital Shipbuilding: A Transparent and Real-Time View of the Fabrication Process is Possible

In this webinar, Ismo Piirainen and David Whittle of Hexagon PPM will be discussing the digitalisation and digital transformation trends driving Industry 4.0, especially when it comes to fabrication. Register for free today »


Embed article link: (copy the HTML code below):


This article has been tagged under the following:

China LNG news