A joint venture between Wärtsilä Engine and CSSC, known as CSSC Wärtsilä Engine (Shanghai) Co. Ltd (CWEC), has begun the ground-breaking process for its 20,000 sq m engine factory in Shanghai, China.
The suspension to the shares trading of loss-making CSSC Steel Structure Engineering Co has been further extended pending its ongoing assets restructuring, its parent firm China State Shipbuilding Corporation (CSSC) updated.
China State Shipbuilding Industry (CSSC) and its wholly-owned Hudong Heavy Machinery have agreed to pump in RMB628.62m ($98.73m) for engine R&D purposes into its jointly-owned subsidiary CSSC Propulsion Research Institute.
China State Shipbuilding Corp (CSSC) Holdings has posted a strong 43.5% year-on-year rise in first half net profit amid stringent cost control and higher revenue.
China State Shipbuilding Corporation (CSSC) and China International Capital Corp (CIIC) have on Thursday struck a new strategic cooperation.
China’s offshore shipyards need to continue to compete for international orders amid the market downturn, and capitalise on their competitive edge of lower production costs to win new orders, an official from China State Shipbuilding Corporation ...