S24/7: Merger talk heats up between China’s top shipbuilders in wake of Korean yard consolidation

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Jason Jiang writes: “With news from across the Yellow Sea yesterday of the merger of two of the world’s largest shipbuilders, DSME and Hyundai Heavy, speculation continues to mount that Beijing will merge its two main shipbuilding arms, China State Shipbuilding Corporation (CSSC) and China Shipbuilding Industry Corporation (CSIC). CSSC and CSIC were spun off from the same group company by the central government in 1999, with the Yangtze River serving as the demarcation line. Currently there are three listed companies under CSSC Group while CSIC controls five listed companies.”