Global logistics solutions provider, Pangaea Logistics Solutions, inked contract with Chinese shipbuilder Guangzhou Shipyard International (GSI) to build two post-panamax 95,000 dwt dry bulk carriers plus options for two more vessels.

Chinese state-owned shipbuilding giant China Shipbuilding Industry Corporation (CSIC) has visited the two shipyards that are in near-bankruptcy under Uljanik in Croatia and is considering to provide financial support.

China Shipbuilding Industry Co., Ltd (CSIC) is accelerating its internal asset consolidation and is merging two subsidiaries Dalian Shipbuilding Industry (DSIC) and Bohai Shipbuilding Industry. 

China Shipbuilding Industry Company (CSIC) says that engineering repair, conversion and recycling units Dalian Shipbuilding Industry Marine Services and DSIC Steel Engineering Co are facing bankruptcy.

The state-owned China Shipbuilding Industry Corporation (CSIC) set-up a Middle East Gulf area representative office in Dubai. It is the first overseas representative office the Group has established.

China’s central government is planning the consolidation for several industry sectors to optimise the state-owned regional assets structure and reduce horizontal competition.

Dalian Shipbuilding Industry Co. (DSIC) has inked a contract with China’s leading finance leasing company, AVIC International Leasing, to build ten 85,000 dwt bulk carriers.

After a series of investigations, Sun Bo, former general manager of China Shipbuilding Industry Corp (CSIC), has been officially arrested.

China Shipbuilding Industry Co. Ltd (CSICL) plans to sell two offshore engineering subsidiaries to its controlling stakeholder China Shipbuilding Industry Group (CSIC) to avoid negative impact caused by depressed offshore engineering market.

China’s Central Commission for Discipline Inspection (CCDI) has opened an investigation on former general manager of China Shipbuilding Industry Corp (CSIC) Sun Bo over his involvement in a host of illegal activities, and expelled him from the Communist Party.

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