Shanghai-listed CSIC said it will transfer its 100% ownership in Shanhaiguan to DSIC, making the former a wholly-owned unit of the latter.
The reorganisation is part of consolidation and streamlining efforts made by state-owned shipbuilders in order to more efficiently utilise resources and reduce costs amid the severe industry slump.
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited. Add Seatrade Maritime News to your Google News feed.