Wuhu Shipyard in $4bn tie-up with compatriot leasing duo

China’s Wuhu Shipyard has partnered up with two domestic financial leasing players to jointly work on new projects potentially worth more than RMB30bn ($4.1bn).

The largest shipbuilding enterprise in Anhui province, formerly known as Fujiheng Machinery Plant, has penned a collaboration agreement with Wanjiang Financial Leasing and Yingxing Financial Leasing.

The deal will see the trio establish “a long-term cooperation mechanism, and comprehensively deepen strategic cooperation” in multiple fields including ship financial leasing, development of new energy-efficient vessels, ship asset transfer, and technical consulting servic…