CSSC Marks Surge in Newbuilding Orderbook

CSSC Marks Surge in Newbuilding Orderbook

From January to September of 2013, China State Shipbuilding Corporation’s (CSSC) industrial structure adjustment demonstrated initial effectiveness and operating revenue grew by 16% year-on-year.

CSSC realized a breakthrough in contracting of “double high” ships and offshore engineering products by innovating business models and introducing many kinds of energy-saving & environment-friendly green ships with strong competitiveness on the market.

In the first three quarters, the total amount of new ship orders taken by CSSC rose by 117% year-on-year and the international market share remained stable in 17%. More than half of newbuildings were “double high” ships and offshore engineering products and the proportion was up to 52%.

At the same time, CSSC’s overall transformation strategy is paying off and its industrial structure is optimized with the proportion of shipbuilding & repairing business sector down from 90% to 60% and that of industrial modern service business sector up to 31%. The endogenous development driving force of CSSC has improved greatly.

 

[mappress]
Press Release, November 29, 2013

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