Chinese yard Shanghai Waigaoqiao Shipbuilding (SWS) has transferred 11 offshore units to Tianjin China Shipping Jianxin Offshore Engineering, a financial leasing company established by SWS' parent China State Shipbuilding Corporation (CSSC), for 7.5 billion yuan ($1.12 billion), writes Xu Yihe.
The 11 units include seven jack-up drilling rigs completed or being completed at SWS' Shanghai facilities, and four offshore vessels.
