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October 10, 2015 4:54 PM ET

Industrial Conglomerates

Company Overview of China State Shipbuilding Corporation

Company Overview

China State Shipbuilding Corporation, a conglomerate, primarily engages in shipbuilding business. It provides conventional oil tankers and bulk carriers; and vessels, such as LNG carriers, VLCCs, chemical carriers, ro/ro passenger freight ships, containerships, LPG carriers, self-unloading ships, high speed ships, and various civil ships The company also engages in aerospace, construction, power generation, petrochemicals, hydraulic engineering, environmental protection, metallurgy, railway, light industry, trade, finance, real estate, bridge construction, ship repairs, marine-related equipment manufacture, and steel structure fabrication businesses. It exports various ships worldwide. The c...

Building 1

Zhuyucheng Mansion

No.9 Shoutinan Road

Haidian District

Beijing,  100044


Founded in 1999


86 10 6803 8833


86 10 6803 4592

Key Executives for China State Shipbuilding Corporation

Head of Discipline Inspection Group
Chief Accountant
Age: 47
Vice President
Age: 48
Vice President
Age: 58
Vice President
Age: 54
Compensation as of Fiscal Year 2015.

China State Shipbuilding Corporation Key Developments

China State Shipbuilding and Man Sign Engine Licensing Agreement

China State Shipbuilding Corporation and Man signed a low-speed diesel engine licensing agreement on February 3, 2015. The two sides have been in good partnership for years and expect to further strengthen cooperation and create a win-win situation.

Carnival Corporation Forms Joint Venture with China State Shipbuilding

Carnival Corporation & plc has signed a memorandum of understanding (MoU) with China State Shipbuilding Corporation (CSSC) to form a shipbuilding joint venture aimed at development of the Chinese cruise industry. As part of the transaction, Carnival Corporation would work with CSSC and Fincantieri S.p.A. Under the joint venture concept, Carnival Corporation would provide its ship design and shipbuilding expertise to create the vision, definition and overall specifications for the China-built cruise ship.

Wartsila Corporation and China State Shipbuilding Corporation Signs Agreement to Establish Joint Venture

Wartsila Corporation and China State Shipbuilding Corporation (CSSC) have signed an agreement to establish a joint venture, which will take over Wartsila's 2-stroke engine business. Through the agreement, CSSC will own 70% of the business through its affiliate CSSC Investment and Development Co. Ltd, while Wartsila will hold a 30% ownership position. The parties will co-operate in 2-stroke engine technology, marketing, sales, and service activities. The parties have agreed to transfer CSSC's whole position as shareholder to a joint venture established by an entity connected with the Municipal Government of Shanghai and CSSC. Responsibility for servicing Wartsila's 2-stroke engines will remain with Wartsila Services through its global network to support customers in a more dedicated and efficient way. The joint venture parties will support Wartsila Services by providing global ship owners with complete solutions of advanced 2-stroke technologies. The value of the transaction is approximately EUR 46 million. The financial impact of the deal will be dependent on the timing of the closing and certain related mechanisms. The deal will have a positive effect on Wartsila's continuing operations. The closing of the transaction is subject to the required regulatory approvals, which are expected during the first quarter of 2015. The joint venture will be domiciled in Switzerland, and the head office will remain at the present 2-stroke engine headquarters in Winterthur. The current 2-stroke engine business management team will remain in place. The joint venture will assume ownership of Wartsila's 2-stroke engine technology, and will continue to develop and promote sales of the engine portfolio with the full support of both partners. The objective of the partnership is to combine the strengths of the two partners, both of whom are major players in the global marine sector. The partnership will enhance the position of Wartsila's 2-stroke technology in the marine engine market, and will provide a strong base for future investments in 2-stroke technology and customer support.

Recent Private Companies Transactions

October 31, 2014
CSSC Huangpu Wenchong Shipbuilding Co. Ltd.
October 14, 2014
CSSC Guangzhou Marine Diesel Engine Co., Ltd.

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