China set for more yard consolidation

摘要

China COSCO Shipping Group, which operates two shipbuilding and shiprepair subsidiaries, is expected to merge its companies by the end of this year. At present, China COSCO Shipping Group plans to integrate COSCO Shipyard Group Co. Ltd and COSCO Shipbuilding Industry Company into one company, creating an entity with complete shipbuilding, shiprepair and offshore engineering capabilities. If this merger takes place it is planned that where there are two shipyards in one city, such as Dalian, the yards will be merged.