The merger of China State Shipbuilding Corporation (CSSC) and China Shipbuilding Industry Corporation (CSIC) represents a consolidation of power in the shipbuilding industry. CSSC will absorb CSIC and control approximately $56 billion in assets, generating $18 billion in annual revenue. This merger will enhance operational efficiency, reducing redundant functions and costs. In 2024, CSSC built more commercial vessels by tonnage than the entire US shipbuilding industry since World War II. This growth indicates China's increasing dominance in both commercial and naval power in global shipbuilding.
China, having long been the world's largest shipbuilding force, is reinforcing its dominance with a merger that will create a massive industrial entity.
The merger between CSSC and CSIC demonstrates China's consolidation of shipbuilding power, positioning it to outperform the American shipbuilding industry significantly.
Collection
[
|
...
]