Tuesday, July 27, 2021
Cruise Ships

China Announces Largest Home-Built Cruise Ship

The Italian classification society RINA has signed an agreement with China’s Shanghai Waigaoqiao Shipbuilding (SWS) to class the largest cruise ship ever built in China. SeaTrade reports that the ship will be...

July 27, 2021
Total Views: 1827

Monday, October 28, 2019
cssc Guangzhou Shipyard
Maritime News

China Approves Shipbuilding Mega-Merger

China has approved the long-rumored merger of its two largest shipbuilding conglomerates, China Shipbuilding Industry Corporation (CSIC) and China State Shipbuilding Corporation (CSSC). Approval by China’s State Council was announced...

October 28, 2019
Total Views: 49

Monday, July 1, 2019
cssc Guangzhou Shipyard
Maritime News

China’s Two Biggest Shipbuilders Plan Merger

HONG KONG, July 1 (Reuters) – China’s two largest shipbuilders are planning to merge, their listed arms said in separate exchange filings on Monday, the latest to join a wave...

July 1, 2019
Total Views: 38

Friday, March 30, 2018
cssc Guangzhou Shipyard
News

Is China Planning a Shipbuilding Mega-Merger?

By Bloomberg News (Bloomberg) — China’s government is working on a plan to combine its two biggest shipbuilders to create an industrial giant that would dwarf its South Korean rivals,...

March 30, 2018
Total Views: 28

Thursday, January 25, 2018
cssc Guangzhou Shipyard
Maritime News

China to Inject New Capital Into State-Owned Shipyards

SINGAPORE, Jan 25 (Reuters) – China State Shipbuilding Corporation’s listed units CSSC Holdings and CSSC Offshore & Marine plan to bring in major investors to inject about 10.2 billion yuan...

January 25, 2018
Total Views: 13

Thursday, October 26, 2017
Maritime News

South Korean Shipyards in Tough Battle with Undercutting Chinese Rivals

By Mike Wackett in Busan (The Loadstar) – South Korean shipyards are in a battle with Chinese rivals, over construction of ultra-large container vessels, that they cannot win. That was...

October 26, 2017
Total Views: 8

Tuesday, August 8, 2017
Yangzijiang shipbuilding
Maritime News

China’s Yangzijiang Shipbuilding Shares Hit Six-Year High as Q2 Profit Jumps

SINGAPORE, Aug 8 (Reuters) – China’s Yangzijiang Shipbuilding Holdings Ltd reported a 73 percent increase in second-quarter net profit, helped by higher revenue from the construction of larger-size vessels, sending...

August 8, 2017
Total Views: 24

Wednesday, March 1, 2017
Bulker under construction at Yangzijiang Shipbuilding in China
Maritime News

China’s Yangzijiang Shipbuilding Plans to Cut Another 10% of Workforce 2017

SINGAPORE, March 1 (Reuters) – China’s Yangzijiang Shipbuilding Holdings Ltd plans to cut another 10 percent of its workforce in 2017, its executive chairman said, as the company seeks to...

March 1, 2017
Total Views: 10

Thursday, January 12, 2017
Bulker under construction at Yangzijiang Shipbuilding in China
Maritime News

Setting Sights on High-End Market, China Pledges Support for Shipbuilding Industry

SHANGHAI, Jan 12 (Reuters) – China aims to capture up to 40 percent of the global high-end marine equipment market over the years through 2020 while reforming and supporting its...

January 12, 2017
Total Views: 0

Friday, August 26, 2016
Bulker under construction at Yangzijiang Shipbuilding in China
Maritime News

Chinese Shipbuilder to Cut 2,000 More Jobs Amid Ordering Slump

SINGAPORE, Aug 26 (Reuters) – Chinese shipbuilder Yangzijiang Shipbuilding Holdings Ltd said it plans to cut 2,000 additional jobs, just under 10 percent of its current workforce, stepping up efforts...

August 26, 2016
Total Views: 2

Tuesday, August 9, 2016
Maritime News

China Sees Second Shipbuilder Default This Year as Economy Slows

By Bloomberg News (Bloomberg) — A Chinese shipbuilder failed to make a bond payment due Monday, becoming the second such company to default in the onshore market this year. Wuhan...

August 9, 2016
Total Views: 0

Friday, April 15, 2016
News

One Chinese Shipyard Is So Unprofitable It’s Literally Becoming a Parking Lot

By Ma Jie (Bloomberg) — Chinese shipbuilders are under so much financial strain that one of them is literally being turned into a parking lot. China Ocean Industry Group Ltd.,...

April 15, 2016
Total Views: 2

Wednesday, April 13, 2016
Bulker under construction at Yangzijiang Shipbuilding in China
News

China’s Yangzijiang Wins $510 Million Ship Order Amid Weak Demand

By Kyunghee Park (Bloomberg) — Yangzijiang Shipbuilding Holdings Ltd., China’s biggest private shipbuilder, won a $510 million order to build six very large iron ore carriers to haul the commodity...

April 13, 2016
Total Views: 7

Saturday, March 26, 2016
china-large-weather-survey-research-ship_HDR
NOAA

SPOTD – China’s Brand New “Flagship” Research Vessel

  The scientific expedition vessel “Xiangyanghong 03” was launched on Saturday and joined China’s oceanic research team in Xiamen, Fujian Province. At a cost of 580 million yuan (89 million U....

March 26, 2016
Total Views: 47

Monday, January 18, 2016
rongsheng heavy industries shipyard shipbuilding
Maritime News

Chinese Shipyards See New Orders Fall by Almost Half in 2015

By Bloomberg News (Bloomberg) — New orders received by Chinese shipbuilders fell by nearly half last year from 2014, suggesting more consolidation is in order as the country’s appetite for...

January 18, 2016
Total Views: 4

Tuesday, January 12, 2016
Maritime News

Shipyards Vanish as China Loses Appetite for Consuming Iron Ore

By Kyunghee Park (Bloomberg) — The weakening yuan and China’s waning appetite for raw materials have come around to bite the country’s shipbuilders, raising the odds that more shipyards will...

January 12, 2016
Total Views: 3

Thursday, October 1, 2015
China's first aircraft carrier
News

Satellite Images May Show China’s First Domestically Built Aircraft Carrier

  BEIJING, Oct 1 (Reuters) – New satellite images show China may be building its first indigenous aircraft carrier in the northeastern port of Dalian, according to IHS Jane’s Defense...

October 1, 2015
Total Views: 9

Friday, August 21, 2015
Maritime News

Troubled Chinese Shipbuilding Group JES Suspends Operations

Chinese shipbuilding and engineering group JES International says it has ceased operations and production in order to control costs as it struggles with overall disarray within the company and its...

August 21, 2015
Total Views: 2

Monday, July 27, 2015
News

CMA CGM Takes Delivery of Largest Containership Ever Built In China

  CMA CGM Group has announced the delivery of the ultra-large containership CMA CGM VASCO DE GAMA on Monday from China State Shipbuilding Corporation. With an 18,000 TEU capacity and...

July 27, 2015
Total Views: 4

Monday, March 16, 2015
rongsheng heavy industries shipyard shipbuilding
Maritime News

China Rongsheng to Sell Shipbuilding and Offshore Engineering Businesses

China Rongsheng Heavy Industries Group Holdings Ltd., the shipbuilder whose woes made it a symbol of the country’s credit binge, said it planned to sell assets to an unidentified Chinese acquirer.

March 16, 2015
Total Views: 17