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...

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...

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,...

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...

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...

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...

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...

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...

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...

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...

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.,...

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...

  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....

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...

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...

  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...

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...

  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...

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.

Finnish marine power solutions provider Wärtsilä says it has been selected to supply 20 generating sets for five newbuild 14,500 TEU containerships being built in China for China Ocean Shipping Group.