China State Shipbuilding Corporation

Type: Company
Name: China State Shipbuilding Corporation (China State Shipbuilding Co. Ltd)
First reported Oct 29 2014 - Updated Oct 29 2014 - 1 reports

ASIA: Guangzhou Shipyard International widens its January-September losses

Guangzhou Shipyard International, the Shanghai- and Hong Kong-listed unit of China State Shipbuilding Corp, saw its losses widen on-year during January-September after consolidation with neighbouring shipyard Longxue Shipbuildi ... [Published Lloyd's List Daily Commercial News - Oct 29 2014]
First reported Oct 28 2014 - Updated Oct 28 2014 - 1 reports

Guangzhou Shipyard selling three non-core assets for $185m

Guangzhou Shipyard International (GSI) is aiming to pocket up to RMB1.13bn ($184.75m) from the sale of three non-core assets.Public tenders will be held to offload GSI’s property and industrial land assets, and the transaction will be conducted by the ... [Published Seatrade Global - Oct 28 2014]
First reported Oct 20 2014 - Updated Oct 20 2014 - 1 reports

Carnival Reports MoU with China State Shipbuilding

Carnival Corp. has signed a memorandum of understanding with the China State Shipbuilding Corp. to explore the possibility of a joint venture aimed at accelerating the development and growth of the Chinese cruise industry.In a release, the Company noted ... [Published 4 Traders - Oct 20 2014]
First reported Oct 17 2014 - Updated Oct 17 2014 - 1 reports

China State Shipbuilding Corporation secured shipbuilding orders of 2.1 mln DWT

In September 24th, China State Shipbuilding Corporation (CSSC) and COSCO held new building contract signing ceremony in Shanghai. The two sides signed totally 2.1 million dwt new building contracts including five 14,500TEU container carriers, four 208,000dwt ... [Published Portnews - Oct 17 2014]
First reported Oct 16 2014 - Updated Oct 16 2014 - 1 reports

Carnival: China partnership is 'groundbreaking'

David Dingle, Chairman of Carnival U.K., discusses the cruise line operator's decision to explore a joint venture with China State Shipbuilding Corporation. ... [Published CNBC - Oct 16 2014]
First reported Oct 16 2014 - Updated Oct 16 2014 - 2 reports

GSI Taking Over Wenchong Shipbuilding

Chinese shipbuilder Guangzhou Shipyard International (GSI) is going to take over 100% equity interest in its sister company CSSC Huangpu Wenchong Shipbuilding Company, the parent company of both shipyards China State Shipbuilding Corporation (CSSC) a ... [Published World Maritime News - Oct 16 2014]
First reported Oct 15 2014 - Updated Oct 16 2014 - 4 reports

Carnival floats expansion in China

US cruise giant describes agreement as ‘a breakthrough day’Costa SerenaCarnival Corporation is looking to build its first cruise ships in China to tap into one of the fastest growing cruise markets in the world.On the table is a signed MOU between Carnival, ... [Published Travel Weekly Web - Oct 16 2014]
First reported Oct 15 2014 - Updated Oct 16 2014 - 20 reports

First world-class China built cruise ship on the cards

Carnival Corporation has signed a memorandum of understanding (MOU) with China State Shipbuilding Corporation (CSSC) in a bid to build the first-ever world-class cruise ship to be constructed in the country.As the world’s largest cruise company, Carnival ... [Published Travel Weekly Australia - Oct 16 2014]
First reported Oct 15 2014 - Updated Oct 15 2014 - 2 reports

Sector Update: Consumer

In Wednesday's pre-market session, shares of DPZ were unchanged from their Tuesday closing price of $84.30, and have a 52-week trading range of $64.89 - $84.51.In other consumer stocks news, Carnival ( CUK ) shares were up 2% pre-bell after the cruise ... [Published Nasdaq - Oct 15 2014]
First reported Oct 15 2014 - Updated Oct 15 2014 - 1 reports

CHINA STATE SHIPBUILDING : CSSC Holdings Q1-3 Net Up 923%

SHANGHAI , October 15 , SinoCast -- China CSSC Holdings (SHSE: 600150) reported net profit attributable to shareholders of about CNY 138.76 million for the first three quarters of 2014, up 922.81% year on year. Basic EPS for the same period of a year ... [Published 4 Traders - Oct 15 2014]
First reported Oct 15 2014 - Updated Oct 15 2014 - 4 reports

China Sets a Course for the Cruise-Ship Industry With Its First Luxury Liner

China is planning to build its first cruise ship, targeting the nation’s huge aspirational middle class as it looks for new ways of spending its money and vacation time. To venture into new waters, Chinese shipping officials have secured the help of ... [Published The Middle East Blog - TIME.com - Oct 15 2014]
First reported Oct 14 2014 - Updated Oct 14 2014 - 1 reports

Guangzhou Ship (00317) sees trading resumption by Nov 15

PM (Infocast News) In relation to the significant assets restructuring of China State Shipbuilding Corporation (CSSC) - the controlling shareholder of Guangzhou Shipyard International Company Limited (00317) - in respect of Guangzhou Shipyard, the board ... [Published CCB International - Oct 14 2014]

Quotes

"I think China is the industry's next great frontier," Snitzer said in an email interview. "It has a very realistic chance of solving any residual overcapacity issues, which it turn could lift cruise pricing in North America and Asia."
...all Chinese travelers who are increasingly turning to cruises for their vacation experiences," said Arnold Donald , CEO of Carnival Corporation . "This landmark agreement enables us to work closely with our partners at the CSSC to fully explore the possibility of forming a joint venture to further develop China into a leading cruise market, supporting local economic development and bringing vacation enjoyment to millions. We look forward to getting to work and lending the expertise of many talented people across Carnival Corporation ."
Carnival Corp. said the venture is "aimed at accelerating the development and growth of the Chinese cruise industry."
"We rate CARNIVAL CORP PLC (USA) (CCL) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stockstock price during the past year, attractive valuation levels, expanding profit margins and good cash flowflow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."

More Content

All (77) | News (60) | Reports (0) | Blogs (14) | Audio/Video (0) | Fact Sheets (2) | Press Releases (1)
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ASIA: Guangzhou Shipyard International widens i... [Published Lloyd's List Daily Commercial News - Oct 29 2014]
CHINA SHIPBUILDING INDUSTRY : Inc joins the big... [Published 4 Traders - Oct 28 2014]
Guangzhou Shipyard selling three non-core asset... [Published Seatrade Global - Oct 28 2014]
The Cruise Industry's March to China: What's In... [Published Travel Agent Central - Oct 27 2014]
Carnival will build a cruise ship with state-ow... [Published TravelWeekly.com - Oct 23 2014]
17th escort taskforce of PLAN returns in triumph [Published China Military Online - Oct 23 2014]
CARNIVAL CORPORATION : and Largest Chinese Ship... [Published 4 Traders - Oct 22 2014]
China’s First Cruise Liner Could Be a Raw Deal ... [Published Epoch Times - Oct 20 2014]
Carnival Reports MoU with China State Shipbuilding [Published 4 Traders - Oct 20 2014]
Carnival Corp. Aims to Accelerate Cruise Growth... [Published Travel Pulse - Oct 17 2014]
China State Shipbuilding Corporation secured sh... [Published Portnews - Oct 17 2014]
GSI Taking Over Wenchong Shipbuilding [Published World Maritime News - Oct 16 2014]
Carnival floats expansion in China [Published Travel Weekly Web - Oct 16 2014]
Carnival partners with China on new ship project [Published TTG Digital - Oct 16 2014]
Carnival explores building cruise ship in China [Published WorldCity - Oct 16 2014]
Guangzhou Shipyard to take over Huangpu Wenchon... [Published Naftrade - Oct 16 2014]
First world-class China built cruise ship on th... [Published Travel Weekly Australia - Oct 16 2014]
Carnival: China partnership is 'groundbreaking' [Published CNBC - Oct 16 2014]
Carnival Corporation and Chinese shipyard sign MOU [Published ETB News New Zealand - Oct 16 2014]
Carnival exploring China shipbuilding partnership [Published Miami Herald - Oct 15 2014]
Carnival Corp. explores China shipbuilding part... [Published South Florida Sun-Sentinel - Oct 15 2014]
Carnival Signs Cruise Ship Construction Deal Wi... [Published Bidness Etc - Oct 15 2014]
Carnival signs shipbuilding MoU in China [Published Travel Daily Media - Oct 15 2014]
Ahoy! China sails toward cruise goal [Published Shanghai Daily - Oct 15 2014]
Carnival moves toward shipbuilding in China [Published TravelWeekly.com - Oct 15 2014]
Guangzhou Shipyard to take over Huangpu Wenchon... [Published Sino Ship News - Oct 15 2014]
ETF Preview: ETFs, Futures Lower as Retail Sale... [Published Nasdaq - Oct 15 2014]
Sector Update: Consumer [Published Nasdaq - Oct 15 2014]
Sector Update: Consumer Shares Lower in Pre-Market [Published Nasdaq - Oct 15 2014]
Carnival signs MOU with CSSC to grow cruise ind... [Published Individual.com - Oct 15 2014]
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Blogs

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China’s Domestic Cruise Market Shows Big Potent... [Published MaritimeSecurity.Asia - Oct 15 2014]
Carnival Dream, image by Kuloskulos/Wikipedia SHANGHAI, Oct 15 (Reuters) – China, the world’s largest shipbuilder, is looking to build its first luxury cruise vessel, with help from cruise operator Carnival Corp and Italian shipyard Fincantieri ...
China Sets a Course for the Cruise-Ship Industr... [Published The Middle East Blog - TIME.com - Oct 15 2014]
China is planning to build its first cruise ship, targeting the nation’s huge aspirational middle class as it looks for new ways of spending its money and vacation time. To venture into new waters, Chinese shipping officials have secured the help of ...
China Sets a Course for the Cruise-Ship Industr... [Published The Curious Capitalist - Oct 15 2014]
China is planning to build its first cruise ship, targeting the nation’s huge aspirational middle class as it looks for new ways of spending its money and vacation time. To venture into new waters, Chinese shipping officials have secured the help of ...
China Sets a Course for the Cruise-Ship Industr... [Published Real Clear Politics - TIME.com - Oct 15 2014]
China is planning to build its first cruise ship, targeting the nation’s huge aspirational middle class as it looks for new ways of spending its money and vacation time. To venture into new waters, Chinese shipping officials have secured the help of ...
China Sets a Course for the Cruise-Ship Industr... [Published The China Blog - Oct 15 2014]
China is planning to build its first cruise ship, targeting the nation’s huge aspirational middle class as it looks for new ways of spending its money and vacation time. To venture into new waters, Chinese shipping officials have secured the help of ...
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Press Releases

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Wärtsilä establishes joint venture with China S... [Published GlobeNewswire: Advertising News - Jul 18 2014]
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