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China approves merger of shipbuilders CSSC and CSIC

China’s State Council has given the green light for the merger of the country’s two largest state-owned shipbuilding giants, Shanghai-based China State Shipbuilding Corp (CSSC) and Dalian-based China Shipbuilding Industry Co (CSIC).

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Chinese state-controlled shipbuilders to merge

In what’s called a “strategic restructuring,” China’s two state controlled shipbuilding giants —China State Shipbuilding Corporation (CSSC) and China Shipbuilding Industry Corporation (CSIC) — are preparing to merge. The detailed plan for

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Wartsila in new JV with China State Shipbuilding

MARCH 7, 2017 — Wärtsilä and China State Shipbuilding Corporation (CSSC) have signed a new joint venture company agreement. The new joint venture, to be known as CSSC Wärtsilä Electrical & Automation