- CSSC and CSIC have officially merged, strengthening China’s shipbuilding industry.
- AI and smart manufacturing will play a key role in future shipbuilding.
- Over 500 ships on order, securing production slots until 2029.
China has taken a major step in cementing its dominance in the global shipbuilding industry with the merger of China State Shipbuilding Corporation (CSSC) and China Shipbuilding Heavy Industry Company (CSIC). This long-awaited integration received over 90% shareholder approval and is set to create a world-class, high-tech, and sustainable shipbuilding powerhouse, reports Xinde Marine News.
Overwhelming Shareholder Support
During special shareholder meetings on February 18, 2025, the merger proposal was met with strong backing.
Both companies reached the required participation threshold of 51%, and nearly 90% of shareholders voted in favor of the integration. It signalled confidence in the strategic move.
Stronger Global Market Position
The merger will enhance China’s competitiveness in the global shipbuilding sector.
By eliminating internal competition and optimizing production, the combined entity will have greater efficiency and better resources. It would meet the rising demand for eco-friendly and high-performance vessels.
AI-Powered Smart Shipbuilding
The newly formed group is prioritizing digital transformation.
A key initiative is the “Shipbuilding + AI” lab with Fudan University, which will focus on AI-driven design, manufacturing, and testing. These advancements will position China as a leader in next-generation shipbuilding technology.
Massive Order Backlog Secures Growth
With over 500 ships on order, the new corporation has secured production slots through 2029.
As the global maritime industry transitions to greener and more energy-efficient vessels, the newly formed shipbuilding giant is well-positioned for sustained growth.
Integration of Key Shipyards
The merger will bring together major shipyards, including Jiangnan Shipbuilding (Group) Co., Ltd. and Dalian Shipbuilding Heavy Industry Co., Ltd. It creates a streamlined operation that reduces redundancy and increases efficiency across the industry.
A Global Shipbuilding Powerhouse
This merger is set to create a company with projected revenues exceeding 120 billion RMB and total assets nearing 400 billion RMB.
With a focus on high-end, intelligent, and green ship manufacturing, China is now poised to set new global standards in shipbuilding.
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Source: Xinde Marine News
