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20 February 2020 The on-line newspaper devoted to the world of transports 14:22 GMT+1

October 28, 2019

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Original news
Started the fusion of navalmeccanici groups Chinese CSSC and CSIC

In the first nine months of this year the new orders to the Chinese ship yards are diminished of -27,4%

Be Assets Supervision and Administration Commission (SASAC) of the Council of State of the Chinese Popular Republic has announced that the fusion of the Chinese navalmeccanici groups is started Lowers Is Shipbuilding Corporation (CSSC) and Lowers Shipbuilding Industry Corporation (CSIC), society both constituted on July 1°, 1999, operation that is approved of by the Council of State.

While the Ministry of the Industry and information the technology of Beijing has announced that in the first nine months of the 2019 national ship yards they have realized new ships for a total of 29,36 million gross capacities in tons, with an increment of +6.7% on the same period last year, total that - it has specified the ministry - represents 37.8% of all world-wide the naval production and that it allows with the Chinese navalmeccanici plants to maintain their position of leadership in the world-wide market. Instead the new orders emitted in it confronts of the Chinese yards in the first nine months of this year are dropped of the -27,4% being piled to 19,47 million gross capacities in tons, since it constitutes a quota pairs to 46.6% of the world-wide market.

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