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Friday, June 01, 2012

INSIGHT-From a ferry, a Chinese fast-attack boat

Houbei class or Type-022It looked like a textbook win-win deal when Australian high-speed ferry designer AMD Marine Consulting formed a joint venture in 1993 with the engineering arm of a state-owned Chinese shipbuilder.

The joint venture partner, Guangzhou Marine Engineering Corporation, a subsidiary of the giant China State Shipbuilding Corporation, gained access to state-of-the-art technology in wave-piercing, aluminium-hull designs.

For AMD, a Sydney-based private company, the payoff was a foothold in China's maritime market during a period of rapid growth.

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