China Cosco Shipping Pools Shipbuilding Assets

Image Courtesy: China COSCO Shipping

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>

<< Jan 2018 >>
MTWTFSS
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

APM – ASIA PACIFIC MARITIME 2018

27 years in the making, APM is the premier shipbuilding & marine, workboat and offshore exhibition in Asia trusted by generations of industry professionals.

read more >

Mega Cargo Show 2018

The focus of the event is to bring all connected with cargo fraternity on a single platform…

read more >

Vietship 2018

Vietship is the largest and longest established exhibition in Vietnam featuring all aspect of Shipbuilding, Shipping and Offshore Technology.

Since its first event in 2002, Vietship has become the convergence and platform of advanced technologies regional and worldwide in shipbuilding and ship repair, marine equipment, waterway transportation and services, marine and offshore engineering.

After 16 years of eight consecutive editions, Vietship has affirm itself as an important event in enhancing cooperation and development, attracting investments, exchanging technology and creating ideal opportunities for trade promotion in the international maritime industry.

More info

read more >

LNG Bunkering Summit 2018

The conference will cover the obstacles facing both the shipping and port communities, exploring developments in conversion and new builds…

read more >