<p>In lieu of payment for four jack-up rigs delivered three years ago, Shanghai Waigaoqiao Shipbuilding (SWS) has taken a 35% in Shandong Shipping, China’s third largest shipowner.  The deal to resolve the late payment comes via Shandong Shipping’s decision to issue billions of new shares in a non-public offering with SWS taking RMB4.7bn ($665m) of &#8230;</p> </p><p><p>https://splash247.com/shanghai-waigaoqiao-shipbuilding-becomes-major-shareholder-in-shandong-shipping/</p></p>