CSSC adds $690m of extra shipyard capacity
China State Shipbuilding Corp (CSSC) is expanding production capacity. The state-run shipbuilding giant has just announced an RMB5bn ($690m) double acquisition – taking over the Shanghai assets of Tianjin Xingang Shipbuilding Heavy Industry, which comes with two massive drydocks as well as buying out Wuhan Wuchang Shipyard Hangrong Heavy Industry Equipment. The two acquisitions will …
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