China State Shipbuilding Corp (CSSC) announced that it has taken over Tianjin Xingang Shipbuilding Heavy Industry with its two huge dry docks, Wuhan Wuchang Shipyard Hangrong Heavy Industry Equipment for a total of$690 million..
The two acquisitions will give the Chinese state-owned giant 2.4 million tonnes of extra annual capacity,
Chinese shipyards secured 441 orders in the first half of this year, 66% of the gloval orderbook.
Translation by Giles Foster
