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Dalian Shipbuilding Industry acquires Bohai Shipbuilding Industry

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.

Katherine Si, China Correspondent

March 21, 2019

1 Min Read
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Upon the completion of the deal, Bohai Shipbuilding Industry will become a wholly-owned subsidiary of DSIC.

CSIC stated that the merger between DSIC and Bohai Shipbuilding Industry is in line with the long-term development strategy of the company. It said it would optimize the company’s asset structure and reduce overcapacity.

Since the start of this year, three subsidiaries of DSIC have been declared bankruptcy, including Dalian Shipbuilding Industry Marine Services, DSIC Steel Engineering Co, and DSIC Offshore.

Read more: Two DSIC companies file for bankruptcy

Read more about:

ChinaDSIC

About the Author

Katherine Si

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.

See more from Katherine Si
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