Bestway Marine & Energy Technology announced the plan to establish new company for the development of intelligent marine equipment.
The new subsidiary, Longhai Zhongneng (Ningbo) Intelligent Equipment Company, will focus on intelligent technology development for marine and offshore engineering sectors, AI systems, unmanned vessel communications and control systems.
To promote business development and expand traditional marine equipment business, the company will explore green and smart marine equipment market through the new company, said Bestway.
Bestway has been looking for business diversification in recent year. The company is entering into special and smart marine equipment and technology sectors.
Source: Seatrade Maritime