Greater ChinaShipyards

Dalian Shipbuilding Industry to merge with Shanhaiguan Shipbuilding

China Shipbuilding Industry Corporation (CSIC) has announced that the board has approved a plan to merge two subsidiary yards, Dalian Shipbuilding Industry (DSIC) and Shanhaiguan Shipbuilding Industry (SSIC).

CSIC plans to transfer full equity in SSIC to DSIC, so SSIC will become a subsidiary of DSIC and said the move is in line with the group’s future development strategy.

CSIC has recently started an internal integration of its subsidiary yards in an effort to optimize operations. The move is a response to the central government’s latest “supply end reform” policy in several major industries to deal with overcapacity.

In May, CSIC started preliminary works to merge two subsidiary yards in Qingdao, Qingdao Wuchuan Heavy Industry and Qingdao Beihai Shipbuilding Industry.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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