China’s two largest state-owned shipbuilding groups China Shipbuilding Industry Corporation (CSIC) and China State Shipbuilding Corporation (CSSC) have confirmed a plan to merge, according to the separate exchange filings released by several listed units of the two companies.

CSSC (Hong Kong) Shipping Company Limited, the ship-leasing arm of China State Shipbuilding Corporation (CSSC), is to raise up to HK$2.2bn ($280m) for initial public offering in Hong Kong.

CMA CGM has approached China State Shipbuilding Corp (CSSC) to build ten new 15,000-teu containerships, including five LNG-powered and five fitted with hybrid scrubbers.

China State Shipbuilding Corporation (CSSC), has inked newbuilding contracts for 36 newbuildngs worth a total contracts value of over RMB10bn ($1.48bn) and financed by its Hong Kong leasing arm.

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

Two subsidiaries of CSSC Offshore & Marine Engineering (Comec) have received Chinese government grants totalling RMB41.59m ($6.04m) to undertake projects on developing high-tech equipment.

China State Shipbuilding Corporation (CSSC) has signed a strategic cooperation agreement with Shanghai Municipal Government to jointly promote ship and offshore engineering and other high valued services in Shanghai.

MacGregor and China State Shipbuilding Corporation (CSSC) have signed a letter of intent on strategic cooperation that will see MacGregor strengthen its presence in China.

WinGD (Winterthur Gas & Diesel Ltd) is setting up an engineering centre in Shanghai, China together with a subsidiary of CSSC (China State Shipbuilding Corporation Limited) to increase its technical capacities by 20%.

Fincantieri and China State Shipbuilding Corporation (CSSC), have signed a Memorandum of Understanding for the extension of the industrial cooperation already existing between the two groups to cover all sectors of merchant shipbuilding.

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