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.
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’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%.