December 06, 2016 5:38 AM ET

Industrial Conglomerates

Company Overview of China State Shipbuilding Corporation

Company Overview

China State Shipbuilding Corporation engages in the shipbuilding business in China. The company offers conventional oil tankers and bulk carriers; vessels, such as LNG carriers, VLCCs, chemical carriers, ro/ro passenger freight ships, containerships, LPG carriers, self-un loading ships, high speed ships, and various civil ships; and offshore engineering facilities. It also provides containers, large-scale steel structures, metallurgical equipment, land–based power generating sets, pressure vessels, B-scanners, and others. In addition, the company offers ship repair services; and manufactures marine-related equipment, as well as provides defense products and shipboard equipment. Further, it i...

Building 1

Zhuyucheng Mansion

No.9 Shoutinan Road

Haidian District

Beijing,  100044

China

Founded in 1999

Phone:

86 10 6803 8833

Fax:

86 10 6803 4592

Key Executives for China State Shipbuilding Corporation

Head of Discipline Inspection Group
Chief Accountant
Age: 48
Vice President
Age: 49
Vice President
Age: 59
Vice President
Age: 55
Compensation as of Fiscal Year 2016.

China State Shipbuilding Corporation Key Developments

Carnival Signs Agreement to Purchase Two China-Built Cruise Ships from China State Shipbuilding Corp and Fincantieri

Carnival agreed to purchase the cruise industry's first ships built in China for what it hopes is a burgeoning Chinese market. Carnival has signed a memorandum of agreement to order two new cruise ships that will be built by China State Shipbuilding Corp. and Fincantieri. The memorandum also gives Carnival the option to order two more of the ships built in China. Carnival will use the ships to help launch the first multi-ship domestic cruise brand in China. They will be designed to fit "the specific tastes of Chinese travelers. The first ship is expected to be delivered in 2022.

China National Nuclear Corporation and China State Shipbuilding Corporation Ink Partnership Agreement

China National Nuclear Corporation and China State Shipbuilding Corporation has inked a partnership agreement that would speed up the development of nuclear-powered icebreakers and maritime nuclear power platforms. The new nuclear-powered design for the Polar Research Institute vessel is anticipated to value more than $154 million and take around two years to be constructed. The construction would be commenced at the end of 2016. The vessel would have higher ice capabilities, better research capabilities and be more comfortable and environmentally friendly than Xue Long. It is anticipated to be 122.5 meters (400 feet) long and would be able to break ice of up to 1.5 meters (five feet) thick at a speed of around two knots. It will be able to operate bow or stern first using two ABB Azipod units with combined power of 15MW.

Fincantieri S.p.A. to Form Joint Venture with China State Shipbuilding Corporation

Fincantieri S.p.A. has signed an agreement to form a joint venture (JV) with China State Shipbuilding Corporation to design and sell cruise ships exclusively intended and specifically customized for the Chinese and Asian market.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 20, 2016
Winterthur Gas & Diesel Ltd.
Private Placement
January 18, 2016
Chengxi Shipyard Co., Ltd.
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Bloomberg L.P. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact China State Shipbuilding Corporation, please visit www.cssc.net.cn. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.