ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

Top Chinese shipbuilders CSSC and CSIC win approval for merger

State-owned groups to form bigger challenger to South Korea's Hyundai Heavy

China's CSSC, the second-largest shipbuilder in the world, will merge with third-ranked compatriot CSIC.   © Reuters

DALIAN, China -- The two largest shipbuilders in China will merge, forming a commercial and military contractor expected to hold a global market share of nearly one-fifth, after the government on Friday approved their planned union.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more