?K? Line invest in Chinese ship repair yard

Kawasaki Kisen Kaisha, Ltd. ("K" Line) in Japan has signed a ship repair joint venture agreement with Hanjin Shipping and Shunhe Shipping of Zhejiang Eastern Shipyard Co., Ltd. (ZESCO), a shipyard in Zhejiang Province, China, by accepting ZESCO?s increase capital for third parties together with Shanghai Changjiang Shipping (Sinotrans group).

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