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CSSC integrates diesel engine unitsCSSC integrates diesel engine units

CSSC Marine Power, subsidiary of China State Shipbuilding Corporation (CSSC), is going to purchase and consolidate diesel engine assets from CSSC’s units through its subsidiary CSSC Diesel Engine to reduce horizontal competition.

Katherine Si, China Correspondent

August 24, 2022

1 Min Read
cssc chengxi  (002)
Photo: CSSC

CSSC Diesel Engine will acquire stock equities of Shanxi Diesel Heavy Industry, Henan Diesel Heavy Industry and related assets from CSSC units.

Established in February 2022, CSSC Diesel Engine was a wholly-owned subsidiary of CSSC Marine Power. Upon the completion of asset acquisitions, CSSC Diesel Engine will become a holding subsidiary of China Marine Power focused on diesel engine business. 

The transactions will clearly position China Marine Power to be a leading company in domestic marine diesel engine market. Diesel engine business of CSSC will be integrated and the overall business capacity could also be improved, said CSSC Marine Engine. 

Before the merger between China’s two shipbuilding giants CSSC and CSIC, China Marine Power and diesel engine companies owned by CSSC and CSIC were operated independently. 

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About the Author

Katherine Si

China Correspondent

China-based Katherine Si has worked in the maritime industry since 2008 is well-connected with local industry players including Chinese owners and yards.

Having majored in English Katherine started at news portal ShippingChina.com where she rose to become a News Editor. In 2008 she moved to work with Seatrade and has since held numerous positions including China correspondent for Seatrade Maritime Review magazine.

With extensive experience in writing, research and social media promotion, Katherine focuses on the shipping and transport sectors.

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