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.

 

Press Release, November 29, 2013

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Posted on November 29, 2013

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