New Strategic Partnership for Fremantle Shipbuilder

Silverfast
MY Silverfast - Photo: Silver Yachts

China Zhongwang Holding Limited has acquired a majority stake in Australian shipbuilder Silver Yachts based at the Australian Marine Complex Hub in Fremantle, Western Australia.

The strategic move will allow both parties to develop their businesses in the Aluminum super yacht sector. Zhongwang's new strategic ally is one of the only companies in the world capable of building large all-aluminum super yachts over 70m. Use of the material facilitates the design of lightweight planing hulls for greater speed and fuel efficiency.

It's great to see further investment in the Western Australian shipbuilding industry and support for the Australian super yacht sector in general. For the full story see here. Or for more information on Silver Yachts visit their website.

About the author

Jonathan is a professional engineer with a background in maritime communications and electronics. He founded Acutec Systems in 2004 and is managing director of the company.

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