China State Shipbuilding Corporation

Type: Company
Name: China State Shipbuilding Corporation (China State Shipbuilding Co. Ltd)
First reported Jul 22 2014 - Updated Jul 22 2014 - 1 reports

Wärtsilä, Chinese Shipyard Join Forces for Dual-Fuel Engine Making

Eskola said the size of CSSC and the Chinese market mean more opportunitiesWärtsilä Corp. (Wärtsilä) says it has signed a deal with China State Shipbuilding Corp . (CSSC) creating a joint venture for the manufacture of diesel and dual-fuel engines.The ... [Published Ship & Bunker - Jul 22 2014]
First reported Jul 21 2014 - Updated Jul 21 2014 - 4 reports

Wärtsilä and China State Shipbuilding to establish JV for engine business

Wärtsilä has entered into an agreement with China State Shipbuilding (CSSC) to establish a joint venture (JV), which will acquire Wärtsilä's two-stroke engine business.CSSC's subsidiary CSSC Investment and Development will own a 70% stake in the JV, while ... [Published Ship Technology - Jul 21 2014]
First reported Jul 18 2014 - Updated Jul 18 2014 - 6 reports

Wärtsilä establishes joint venture with China State Shipbuilding Corp- expands range of engines manufactured in China

Wärtsilä and China State Shipbuilding Corporation (CSSC) have signed an agreement to establish a joint venture for manufacturing medium and large bore medium speed diesel and dual-fuel engines. The CSSC Wärtsilä Engine (Shanghai) Co. Ltd factory will ... [Published Bunker Ports News Worldwide - Jul 18 2014]
First reported Jul 18 2014 - Updated Jul 18 2014 - 2 reports

Wartsila lifts profit outlook on China deal

at 11:26 AM | Channel(s): Liner ShippingFinland’s Wartsila said it would move its loss-making two-stroke ship engine business to a new joint venture controlled by partner China State Shipbuilding Corporation (CSSC), adding the deal would boost its profitability ... [Published American Journal of Transportation On-Line - Jul 18 2014]
First reported Jul 18 2014 - Updated Jul 18 2014 - 4 reports

Wartsila Oyj Abp establishes 2-stroke engine joint venture with China State Shipbuilding Corporation

Wartsila Oyj Abp:Wartsila 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 pct of the business through ... [Published Reuters - Jul 18 2014]
First reported Jul 18 2014 - Updated Jul 18 2014 - 3 reports

Wärtsilä ups profit forecast

However, net sales decreased by 2% to €1,132 mill, compared to €1,152 mill in 2Q13.The operating result before non-recurring items was €122 mill, or 10.8% of net sales during 2Q14, compared with €111 mill, or 9.6% in 2Q13.Cash flow from operating activities ... [Published Tanker Operator - Jul 18 2014]
First reported Jul 18 2014 - Updated Jul 18 2014 - 1 reports

WÄRTSILÄ INTERIM REPORT JANUARY-JUNE 2014

at 8.30 a.m. local timeWÄRTSILÄ INTERIM REPORT JANUARY-JUNE 2014GOOD DEVELOPMENT IN PROFITABILITYThis release is a summary of Wärtsilä's Interim Report January-June 2014. The complete report is attached to this release as a pdf-file. It is also available ... [Published BusinessWeek - Jul 18 2014]
First reported Jul 16 2014 - Updated Jul 16 2014 - 1 reports

China State Shipbuilding : CSSC's Order-undertaking Operation Makes Stable Progress in First 5 Months

In the first 5 months of 2014, ship orders secured by CSSC amounted to 8.67 million dwt or 2.37 million cgt and accounted for 6.5% and 13.36% of global market share respectively. Offshore engineering equipment order undertaken by CSSC totaled 1.45 billion ... [Published 4 Traders - Jul 16 2014]
First reported Jul 16 2014 - Updated Jul 16 2014 - 1 reports

ASIA: China Cosco orders eight bulkers for US$263m

China Cosco Holdings, the main listed arm of the China Ocean Shipping, has ordered eight ships at yards controlled by China State Shipbuilding and China Shipbuilding Industry for a total of US$263m. China Cosco, in announcement on the Hong Kong stock ... [Published Lloyd's List Daily Commercial News - Jul 16 2014]
First reported Jul 07 2014 - Updated Jul 07 2014 - 1 reports

China bank loans US$400m for LNG carrier project

BEIJING, Jul 7 (GCTL) - The , a wholly state-owned bank, said it will lend US$400 million for building four .The bank said the four carriers, each with a shipment capacity of 174,000 cubic meters, belong to four companies, including CNOOC Energy Technology ... [Published GCTL8.com - Jul 07 2014]
First reported Jul 04 2014 - Updated Jul 04 2014 - 1 reports

Export-Import Bank to fund $400m for building four LNG carriers

The four carriers belonging to the companies, including CNOOC Energy Technology and Services, China LNG Shipping Limited , Teekay LNG Partners and BW's LNG investment arm.Each carrier will have a shipment capacity of 174,000 cubic meters.Shanghai -based ... [Published 4 Traders - Jul 04 2014]
First reported Jul 03 2014 - Updated Jul 03 2014 - 2 reports

Exim bank issues LNG credit

The Export-Import Bank of China, a wholly State-owned bank, said on Thursday it will lend $400 million for building four liquefied natural gas (LNG) carriers.The bank said the four carriers, each with a shipment capacity of 174,000 cubic meters, belong ... [Published Global Times - Jul 03 2014]

Quotes

"China is today the largest shipbuilding nation on earth, and CSSC is the largest shipbuilding company in China."
CSSC vice-president Wu Qiang said: "We are very pleased that this agreement has been made and we look forward to working closely with Wärtsilä in this JV project."
"It is a great honour to sign this joint venture agreement with Wartsila . Wartsila is the leading innovator and the technology leader in developing economic and environmentally sustainable solutions. We look forward to a bright future together" says Wu Qiang , Vice President, CSSC
President and CEO Bjorn Rosengren said; "The first half of 2014 has developed well. I am pleased to note that the ongoing restructuring measures have already made a positive contribution to our operating result. The savings we have achieved through these measures, together with the improved Ship Power and Services performance, have compensated for the low volumes in the Power Plants business and resulted in profitability increasing to 9.9%."

More Content

All (49) | News (42) | Reports (0) | Blogs (4) | Audio/Video (0) | Fact Sheets (2) | Press Releases (1)
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Wärtsilä, Chinese Shipyard Join Forces for Dual... [Published Ship & Bunker - Jul 22 2014]
Wärtsilä and China State Shipbuilding to establ... [Published Ship Technology - Jul 21 2014]
Wärtsilä net sales down 2% [Published LNG Industry - Jul 21 2014]
ASIA: Wärtsilä sells two-stroke engine business... [Published Lloyd's List Daily Commercial News - Jul 21 2014]
WARTSILA ABP : establishes joint venture with C... [Published 4 Traders - Jul 21 2014]
Wärtsilä to Manufacture Marine Dual-Fuel Engine... [Published NGV Global - Jul 20 2014]
Wärtsilä establishes joint venture with China S... [Published Bunker Ports News Worldwide - Jul 18 2014]
Wartsila lifts profit outlook on China deal [Published American Journal of Transportation On-Line - Jul 18 2014]
Wartsila Oyj Abp establishes 2-stroke engine jo... [Published Reuters - Jul 18 2014]
Wartsila forms medium-speed joint venture with ... [Published Motor Ship - Jul 18 2014]
Wärtsilä ups profit forecast [Published Tanker Operator - Jul 18 2014]
Wärtsilä, CSSC Establish Engine JV [Published Maritime Executive - Jul 18 2014]
Two new Wärtsilä JVs with CSSC: 2-stroke engine... [Published Green Car Congress - Jul 18 2014]
Two new Wärtsilä JVs with CSSC: 2-stroke engine... [Published Green Car Congress - Jul 18 2014]
Wärtsilä, CSCC establish joint venture [Published Offshore Engineer - Jul 18 2014]
Wartsila order intake climbs [Published LNG World News - Jul 18 2014]
Wärtsilä sells stake in two-stroke business to ... [Published Motor Ship - Jul 18 2014]
Wärtsilä Sells Majority Stake of 2-Stroke Engin... [Published GCaptain - Jul 18 2014]
Wärtsilä establishes joint venture with CSSC [Published LNG Industry - Jul 18 2014]
Wärtsilä Sells Majority Stake of 2-Stroke Engin... [Published MaritimeSecurity.Asia - Jul 18 2014]
June 2014: Wärtsila publishes interim report [Published Energy Global - Jul 18 2014]
Wärtsilä in twin joint ventures with CSSC [Published Seatrade Global - Jul 18 2014]
CSSC signs deal to take control of Wärtsilä’s 2... [Published Sino Ship News - Jul 18 2014]
CSSC-Wartsila sign JV to build engines [Published CHINAdaily - Jul 18 2014]
UPDATE 1-Finland's Wartsila lifts profit outloo... [Published Reuters - Jul 18 2014]
Good Profitability for Wärtsilä in H1 Interim R... [Published Marine Link - Jul 18 2014]
Wärtsilä Teams Up with CSSC [Published World Maritime News - Jul 18 2014]
Wartsila and CSSC establish new JV [Published LNG World News - Jul 18 2014]
WÄRTSILÄ INTERIM REPORT JANUARY-JUNE 2014 [Published BusinessWeek - Jul 18 2014]
Wärtsilä and China State Shipbuilding Corporati... [Published Reuters - Jul 18 2014]
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Two new Wärtsilä JVs with CSSC: 2-stroke engine... [Published Green Car Congress - Jul 18 2014]
Wärtsilä and China State Shipbuilding Corporation (CSSC)—one of the largest shipbuilders in the world—will form two new joint ventures. The first will take over Wärtsilä’s 2-stroke engine business. Through the agreement, CSSC will own 70% of the business ...
Wärtsilä Sells Majority Stake of 2-Stroke Engin... [Published MaritimeSecurity.Asia - Jul 18 2014]
Wartsila 2-stroke engine, image: Wartsila From now on, Wartsila’s 2-stroke engine business will be listed as “discontinued operations” following an announcement today that it has sold a 70 percent stake in that business unit to China State Shipbuilding ...
PLA Navy modifying Yuan-class submarine [Published Naval Open Source INTelligence - Apr 13 2014]
A new photo revealed on Chinese military websites indicate that the People's Liberation Army Navy continues to modify its Type 041 Yuan-class conventional submarine, according to the London-based Jane's Defense Weekly in a report on Apr. 9.Images of ...
Additional information about CybAero order from... [Published CisionWire - English - Mar 20 2014]
The Swedish company CybAero, listed on the First North stock exchange, received in January of this year an order for unmanned helicopter systems to be delivered to China Customs. The purchased systems will be used for various tasks such as customs control, ...
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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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