China International Marine Containers (CIMC) and China Merchants Heavy Industry (CMHI) have expedited talks about the planned merger of their offshore engineering and fabrication assets, with the potential to create China’s largest offshore fabrication conglomerate, writes Xu Yihe.
Industry officials said the two companies have already taken steps to co-ordinate their fabrication businesses and have introduced new joint initiatives in a bid to attract international offshore fabrication orders.
