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
By Bloomberg News (Bloomberg) — China’s government is working on a plan to combine its two biggest shipbuilders to create an industrial giant that
SINGAPORE, Jan 25 (Reuters) – China State Shipbuilding Corporation’s listed units CSSC Holdings and CSSC Offshore & Marine plan to bring in
By Mike Wackett in Busan (The Loadstar) – South Korean shipyards are in a battle with Chinese rivals, over construction of ultra-large container vessels,
SINGAPORE, Aug 8 (Reuters) – China’s Yangzijiang Shipbuilding Holdings Ltd reported a 73 percent increase in second-quarter net profit, helped by
SINGAPORE, March 1 (Reuters) – China’s Yangzijiang Shipbuilding Holdings Ltd plans to cut another 10 percent of its workforce in 2017, its
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
SINGAPORE, Aug 26 (Reuters) – Chinese shipbuilder Yangzijiang Shipbuilding Holdings Ltd said it plans to cut 2,000 additional jobs, just under 10 percent
By Bloomberg News (Bloomberg) — A Chinese shipbuilder failed to make a bond payment due Monday, becoming the second such company to default in the
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
By Kyunghee Park (Bloomberg) — Yangzijiang Shipbuilding Holdings Ltd., China’s biggest private shipbuilder, won a $510 million order to build six very
The scientific expedition vessel “Xiangyanghong 03” was launched on Saturday and joined China’s oceanic research team in Xiamen,
By Bloomberg News (Bloomberg) — New orders received by Chinese shipbuilders fell by nearly half last year from 2014, suggesting more consolidation is in
By Kyunghee Park (Bloomberg) — The weakening yuan and China’s waning appetite for raw materials have come around to bite the country’s shipbuilders,
BEIJING, Oct 1 (Reuters) – New satellite images show China may be building its first indigenous aircraft carrier in the northeastern port of
Chinese shipbuilding and engineering group JES International says it has ceased operations and production in order to control costs as it struggles with
CMA CGM Group has announced the delivery of the ultra-large containership CMA CGM VASCO DE GAMA on Monday from China State Shipbuilding Corporation.
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
Finnish marine power solutions provider Wärtsilä says it has been selected to supply 20 generating sets for five newbuild 14,500 TEU containerships being
Wärtsilä announced Wednesday that it will equip four LNG carriers being built in China with LNG reliquefaction plants and gas handling systems, marking a
For China's shipyards, the oil rig market that was supposed to be a blessing is in danger of becoming a
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