China Cosco Shipping Pools Shipbuilding Assets

China Cosco Shipping Group has integrated all of its shipbuilding assets into one unit – Cosco Shipping Heavy Industry (CSHI).

The state-owned China Cosco Shipping is a merged entity of China Ocean Shipping (Group) Company (Cosco) and China Shipping (Group) Company (China Shipping).

Cosco owns six shipyards and operates two joint-venture yards with Japanese Kawasaki Heavy Industries, while its compatriot China Shipping owns five yards.

Following the establishment of CSHI, all thirteen shipyards will now be managed by the new unit. With this move, CSHI has become China’s third biggest shipbuilding group.

Wang Yuhang, the deputy general manager of Cosco Shipping, has been appointed as chairman of CSHI.

CSHI is established to improve Cosco Shipping’s position in the shipbuilding industry and will rely on China-made “2025 Strategy” to enhance its overall profitability, Wang said.

The move follows the earlier cooperation between Cosco and China Shipping when they combined their fleets and port operations to form China Cosco Holdings.

Created last year, the company is said to be the world’s fourth biggest container operator in terms of capacity.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Mar 2020 >>
MTWTFSS
24 25 26 27 28 29 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Seawork 2020

Seawork is Europe’s leading commercial marine and workboat exhibition, providing businesses the opportunity…

read more >

Belgian Offshore Days 2020

During this event, a conference will be held with focus on “Increasing value by data driven innovation…

read more >

World Future Ports Summit 2020

This event will bring together ports and maritime shipping professionals from global leading companies and authorities to discuss recent digital technologies…

read more >

Europort Romania

Europort Romania is the premier maritime networking event of the Black Sea and will connect maritime technology and service suppliers with high level professionals from Romania and surrounding shipbuilding markets.

More info

read more >