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DSIC takes Shanhaiguan under its wing in CSIC reshuffling move

State-owned China Shipbuilding Industry Corp (CSIC) has announced an internal reorganisation of its various shipyard subsidiaries by putting Shanhaiguan New Shipbuilding Industry under the charge of Dalian Shipbuilding Industry Co (DSIC).

Lee Hong Liang, Asia Correspondent

June 3, 2016

1 Min Read

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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.

About the Author

Lee Hong Liang

Asia Correspondent

Singapore-based Lee Hong Liang provides a significant boost to daily coverage of the Asian shipping markets, as well as bringing with him an in-depth specialist knowledge of the bunkering markets.

Throughout Hong Liang’s 14-year career as a maritime journalist, he has reported ‘live’ news from conferences, conducted one-on-one interviews with top officials, and had the ability to write hard news and featured stories.

See more from Lee Hong Liang

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