The Chinese shipyard Zhoushan IMC-Yongyue Shipyard and Engineering enters the Brazilian market thanks to an unprecedented collaboration formalized over the last few days with the Brasil Basin Drydock Company (BBDC), a joint venture between McQuilling and Promon Engenharia
On the basis of the Memorandum of Understanding, the two companies will work together in what will soon become the largest ship repair yard in the North East of Brazil, in the State of Paraiba.
Empresa de Docagens Pedra do Ingá (EDPI), this is the name of the yard being built, will be completed in three years and will be fully operational from 2021. The construction project has a cost of 1 billion dollars.
Translation by Giles Foster