Search results for: csic

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  • 7 September 2017
    Business & Finance

    China Shipbuilding Industry Corporation (CSIC), which suspended trading of its stock back in May due to a “major asset restructuring”, is scheduled to sign an agreement with an unnamed party on the matter next week. CSIC revealed in a regulatory filing that it is expected to sign a deal on the company’s reorganization on September […]

  • 17 August 2017
    Business & Finance

    Shanghai-listed China Shipbuilding Industry Corporation (CSIC ) has signed a debt-for-equity swap agreement with eight state-backed investors worth up to RMB 21.9 billion (USD 3.28 billion). The shares to be sold relate to CSIC’s two subsidiaries, Dalian Shipbuilding Industry (DSIC) and Wuchang Shipbuilding Industry (WSIC), which have sustained a massive blow from the downturn of the […]

  • 14 September 2017
    Business & Finance

    China Shipbuilding Industry Corporation (CSIC) is buying stakes in two of its subsidiaries, namely Dalian Shipbuilding Industry Co (DSIC) and Wuchang Shipbuilding Industry Corp (WSIC). As disclosed in a regulatory filing, the Shanghai-listed shipbuilder will take 49.99 % equity stake in DSIC and 36.15 % stake in WSIC. In order to be able to execute the […]

  • 2 March 2015
    Business & Finance

    China’s central government’s anti-corruption team has launched an investigation into the operation of China Shipbuilding Industry Corporation (CSIC). The probe, set to last for the next couple of months, forms part of a state-backed anti-corruption campaign that has swept through major companies in China, including China State Shipbuilding Corporation (CSSC) and China Shipping Group. Li Changyin, […]

  • 3 April 2018
    Business & Finance

    CSSC and CSIC denied reports of a combination saying that they are not planning a merger.

  • 4 November 2016
    Business & Finance, Technology

    GS-Hydro China has won a contract to provide the piping components, prefabrication and cleaning for CSIC (Chongqing) Haizhuang Wind Power Equipment’s 5MW offshore wind turbines, the company’s first entry into the offshore wind industry.  The wind turbines are located in Fujian area in Southern China. After 3 years of communication and many onsite visits, GS-Hydro China […]

  • 4 November 2016
    Business & Finance, Technology

    GS-Hydro China has won a contract to provide the piping components, prefabrication and cleaning for CSIC (Chongqing) Haizhuang Wind Power Equipment’s 5MW offshore wind turbines, the company’s first entry into the offshore wind industry.  The wind turbines are located in Fujian area in Southern China. After 3 years of communication and many onsite visits, GS-Hydro China […]

  • 27 April 2007

    The European Commission’s competition authorities have cleared the joint venture being formed by Wärtsilä, China Shipbuilding Industry Corporation (CSIC) and Mitsubishi Heavy Industries (MHI). The joint venture will manufacture large low-speed marine engines in China. CSIC’s ownership in the the joint venture will be 50%, Wärtsilä’s 27% and MHI’s 23%. The production is expected to […]

  • 6 July 2012

    On July 3, CNPC affiliated China Petroleum Technology and Development Corporation (CPTDC) and CSIC Dalian Shipbuilding Industry Offshore Co., Ltd. signed a contract in Beijing for building the 3rd and 4th DSJ300 jack-up drilling rigs. This will further consolidate the strategic cooperation between the two sides and help achieve mutual benefit and common development. CNPC […]

  • 5 December 2012

    On December 4, 2012, China Ocean Shipping (Group) Company (COSCO) and China Shipbuilding Industry Corporation (CSIC) held a signing ceremony in Beijing for a strategic cooperation agreement. The ceremony was attended by Capt. Wei Jiafu, Chairman of the Board of COSCO Group, Ma Zehua, President of COSCO Group, Li Yunpeng, Executive Vice President of COSCO […]

  • 27 September 2017
    Business & Finance

    Subsidiaries of CSIC Leasing have acquired four second-hand LR product tankers from subsidiaries of Eletson, a Greek tanker owner, Watson Farley & Williams (WFW) informed.  As disclosed, the sale proceeds from the transaction worth USD 65.5 million have been used to refinance the balloon payment under certain loan facilities of the Eletson group secured on […]

  • 28 June 2019
    Business & Finance

    The agreements include major shipbuilding, conversion, charter and financing deals.

  • 27 August 2015
    Authorities & Government, Research & Development

    China’s HZ Windpower has received an approval from Ministry of Science and Technology of Chongqing Municipal for its marine power study. According to the company, the study has covered the key technology and model test of marine current power generation. It includes the working principal of marine current generator and its development road map, the […]

  • 10 February 2015
    Business & Finance

    MAN Diesel & Turbo has renewed its contract with Chinese two-stroke licensee, China Shipbuilding Industry Corp. (CSIC) for the next 10 years. The contract covers the production of low-speed engines at CSIC affiliates: Dalian Marine Diesel (DMD), Yichang Marine Diesel Engine (YMD), and Qingdao Haixi Marine Diesel (QMD). Klaus Engberg, Senior Vice President and Head of […]

  • 1 July 2019

    China Shipbuilding Industry Corporation (CSIC) has held a groundbreaking ceremony to mark the start of construction of the 300MW Dalian Zhuanghe II offshore wind project. The wind farm is located on the east side of Shicheng Island in the Zhuanghe area of ​​Dalian City, Liaoning Province. The project will feature 60 5MW variable pitch wind turbines installed […]

  • 18 December 2017
    Business & Finance

    MSC and CMA CGM have turned to Chinese shipbuilders to bolster the capacity of their containerships.

  • 25 October 2019
    Business & Finance

    China has given the green light to a merger of the country’s two shipbuilding majors, Reuters reported.

  • 22 April 2016
    Business & Finance, Research & Development

    Aqualis Offshore and China Ship Design & Research Center (CSDC) have signed an agreement to cooperate on offshore engineering projects both in China and internationally which could potentially include wind farm installation vessels. Under the agreement, Aqualis Offshore and CSDC will cooperate in the fields of engineering, project management, research, innovation and marketing. A key objective […]

  • 5 December 2012
    Business & Finance

    On December 4, 2012, China Ocean Shipping (Group) Company (COSCO) and China Shipbuilding Industry Corporation (CSIC) held a signing ceremony in Beijing for a strategic cooperation agreement. The ceremony was attended by Capt. Wei Jiafu, Chairman of the Board of COSCO Group, Mr. Ma Zehua, President of COSCO Group, Mr. Li Yunpeng, Executive Vice President […]

  • 15 August 2012

    China Shipbuilding Industry Corp (CSIC), one of the largest Chinese shipbuilding conglomerates, has recognized the current setbacks in the country’s shipbuilding industry as a great time to undertake strategic investment moves, one of them being acquisition of some overseas yards. To that end, with a view of technological development of its facilities, the company has […]

  • 12 July 2007

    China Shipbuilding Industry Corp (CSIC), one of the nation’s leading shipbuilding groups, will seek an initial public offering (IPO) in 2007, according to sources close to the State-owned Assets Supervision and Administration Commission (SASAC). Headquartered in Beijing, CSIC is reportedly planning a new issue of around 1.6 billion A shares to raise between 6 and […]

  • 7 June 2011

    China Shipbuilding Industry reduced the scale of its private placement, from issuing one billion shares at 12.44 yuan per share, to the placement of 962 million shares at 11.96 yuan per share, reports stcn.com, citing a company filing. The company’s parent, China Shipbuilding Industry Corporation (CSIC), committed to subscribe to 10 percent of the total […]