The major state-owned Chinese shipyards have started to resume work under the central government’s requirement on novel coronavirus prevention and control, however, large private yards remained closed.
The former southern shipbuilding group CSSC of the newly restructured China State Shipbuilding Corporation has obtained approval from China Securities Regulatory Commission (CSRC) on an internal restructuring plan.
Wartsila has signed a strategic development agreement with China’s CSSC Huangpu Wenchong Shipbuilding to jointly develop a hybrid powered dredger.
A significant drop in newbuilding orders across the three conventional merchant ship types is an obvious signal of recovery for the shipping industry, according to China Shipbuilding Industry Research Center (CSIRC).