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Titan close to deal for Quanzhou yard
Titan Petrochemicals' troubles with its Quanzhou yard appear to be seeing some hope of resolution, with the memorandum of understanding for long-term cooperation in the management and operation of the yard which it signed with an Asian oil rig manufacturer in November moving a step forward.
Titan said in a stock market announcement that the other party has arranged for its experts to visit the yard and given a cooperation proposal and the proposed terms. Titan further updated that the parties are at the final stage of the negotiations and expect to finalise the formal
binding documentation shortly.
Source: Seatrade Global
Titan said in a stock market announcement that the other party has arranged for its experts to visit the yard and given a cooperation proposal and the proposed terms. Titan further updated that the parties are at the final stage of the negotiations and expect to finalise the formal
binding documentation shortly.
Source: Seatrade Global
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