Chinese Shipbuilding Giants Announce Merger

China Shipbuilding Industry Corporation and China State Shipbuilding Corporation Limited merged into one corporation in Beijing on Tuesday. 

This reorganized corporation has 147 scientific research institutes, enterprises and listed companies with total assets of 790 billion yuan (about 112.29 billion U.S. dollars) and 310,000 employees. It has the largest shipbuilding and repairing base in China and the most complete…

View entirety: Dry Cargo International