The world's largest shipbuilding group is officially established

On November 26, the inaugural meeting of China Shipbuilding Corporation was held in Beijing. The "World's Largest Shipbuilding Group" China Shipbuilding Corporation was officially unveiled. Its listed companies include China Shipbuilding, CSSC Defense, and CSSC Technology. According to reports, standing at a new historical starting point, China Shipping Group Co., Ltd. will closely focus on the strategic deployment of building a maritime power, a manufacturing power, a technological power, a world-class army, and a world-class enterprise to serve the national strategy and support national defense construction. It is our responsibility to lead the industry development, focus on the main industry, adhere to the leadership of the party building, highlight the first responsibility of the strong army, strengthen the drive for innovation, unswervingly promote high-quality development, and strive to build a world-class ship group with international competitiveness.

Public information shows that, as of the end of 2018, China Shipbuilding Industry, which focuses on ship design and system support, is the main force in the research and production of naval equipment in China. It has a layout on the ship's entire industrial chain. Currently, it has 48 industrial enterprises and 28 scientific research The institutes, as well as listed companies such as China National Heavy Industry Corporation, China Coastal Defense, Jiuyang Ocean, China Power, and China Emergency, had an operating income of 315 billion yuan and a total profit of 8.86 billion yuan last year.

The China Shipbuilding Industry, which has an even better position in the manufacturing of civil ships and ships, is capable of designing and constructing modern ships that meet the requirements of any classification society in the world, meet the requirements of international general technical standards and safety conventions, and are seaworthy in any sea area. There are 31 industrial enterprises and 9 scientific research institutes. Its listed companies include China Shipbuilding, CSSC Defense, and CSSC Technology.

In the past 20 years, China's shipbuilding industry has successfully overtaken Japan and South Korea, and the "North-South Ship" has gradually grown into a world-class shipbuilding enterprise. However, the market situation is changing. In recent years, the global shipbuilding industry has continued to slump and overcapacity. Facing the new situation, it is imperative for the two major groups with the same roots to merge.

The "South-North Ship" merger is not only conducive to complementing internal advantages, reducing inefficient and repeated competition, and improving efficiency, but also can give full play to the industrial synergy effect.

Collected and Edited by marineusedgood Co., Ltd