Native name | 中国船舶集团有限公司 |
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Company type | State owned |
Industry | Shipbuilding, defense |
Predecessor | 中国船舶工业总公司 (1982–1999) 中国船舶工业集团有限公司 (1999–2019) |
Founded | May 4, 1982 (as 中国船舶工业总公司) |
Headquarters | , |
Area served | Worldwide |
Key people | Zhang Yingdai (Chairman) |
Revenue | US$ 48,9 billion (2023) [1] |
US$ 2.4 billion (2023) [1] | |
Total assets | US$ 143.7 billion (2023) [1] |
Number of employees | 196,309 (2023) [1] |
Website | www |
China State Shipbuilding Corporation | |||||||
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Simplified Chinese | 中国船舶工业总公司 | ||||||
Traditional Chinese | 中國船舶工業總公司 | ||||||
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Alternative Chinese name | |||||||
Simplified Chinese | 中船总公司 | ||||||
Traditional Chinese | 中船总公司 | ||||||
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Company type | Subsidiary |
---|---|
Industry | Shipbuilding |
Founded | 1998 |
Headquarters | , |
Area served | Worldwide |
Key people | Dong Qiang (董强) (Chairman) |
Parent | China State Shipbuilding Corporation |
Website | China CSSC Holdings Limited |
China State Shipbuilding Corporation Limited | |||||||
---|---|---|---|---|---|---|---|
Simplified Chinese | 中国船舶工业集团有限公司 | ||||||
Traditional Chinese | 中國船舶工業集團有限公司 | ||||||
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Alternative Chinese name | |||||||
Simplified Chinese | 中船工业 | ||||||
Traditional Chinese | 中船工業 | ||||||
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The China State Shipbuilding Corporation (CSSC) is a Chinese shipbuilding conglomerate.
CSSC is one of the top 10 defence groups in China. [2] It consists of various shipyards,equipment manufacturers,research institutes and shipbuilding-related companies that build both civilian and military ships. It owns some of the most well known shipbuilders in China,such as Dalian Shipbuilding Industry Company,Jiangnan Shipyard,Hudong–Zhonghua Shipbuilding,Guangzhou Huangpu Shipbuilding [3] and Guangzhou Wenchong Shipyard. [4] Its subsidiary,China CSSC Holdings Limited (SSE : 600150),is listed on the Shanghai Stock Exchange,and in turn owns other subsidiaries including Shanghai Waigaoqiao Shipbuilding. [5] As of 2024,CSSC builds a third of all ships in the world,making it the world's biggest shipbuilding conglomerate. [6] [7] All CSSC ships are built to military specifications,according to Chinese government doctrine. [6]
In 1964,the Sixth Ministry of Machine Building was created [8] to oversee China's shipbuilding enterprises,which were predominantly engaged in military work. [9] In July 1982, [10] as part of defence industry reforms and "defence conversions",the ministry was converted into the China State Shipbuilding Corporation. [9] CSSC remained under state control but was permitted to operate with "a degree of market-based economic autonomy". [11] CSSC shifted the industry's focus to commercial work;by 1992,80% of output was to the civilian sector, [10] and in 1993 half of the commercial output was for export. [12]
In the late 1990s,economic reforms broke up state-owned monopolies and introduced "a limited amount of free-market competition" to improve the efficiency of defence industries. [13] [14] In July 1999,the China Shipbuilding Industry Corporation (CSIC) was spun off from CSSC. [14] The shipbuilding industry was divided roughly along geographical lines:CSSC retained assets in the east and south, [15] and CSIC gained control in the northeast and inland. [16] Both reported to the State-owned Assets Supervision and Administration Commission (SASAC). [17] CSSC emerged as the smaller entity. [15] [18] Enterprises not affiliated with either conglomerate included shipyards owned by the People's Liberation Army (PLA),provinces,municipalities,foreign joint ventures,and Chinese shipping companies. [17] [19]
Preparations for merging CSIC and CSSC date back to at least 2010,when Hu Wenming became CSSC's party secretary,in anticipation of an industry decline. [20] Hu was a strong supporter of the merger;he was CSSC chairman from 2012 to 2015,and then CSIC chairman from March 2015 until his retirement in August 2019 because of corruption. [21] The decision to merge the conglomerates may have influenced not only by a slowing economy, [22] but also the discovery of widespread corruption in CSIC and Hu's involvement in it. [21] [22] [23]
The CSIC and CSSC merger was approved by SASAC in October 2019, [24] [25] and occurred in November 2019;the combined entity took the CSSC name. The reorganization was complete by September 2020. The new entity was the world's largest shipbuilder with 20% global market share and US$110 billion in assets. [22]
In November 2020,American entities were prohibited by U.S. Presidential Executive Order 13959 from owning shares in companies—including CSSC—linked to the PLA by the United States Department of Defense. [26] [27] [28]
Shipbuilding is the construction of ships and other floating vessels. In modern times,it normally takes place in a specialized facility known as a shipyard. Shipbuilders,also called shipwrights,follow a specialized occupation that traces its roots to before recorded history.
A shipyard,also called a dockyard or boatyard,is a place where ships are built and repaired. These can be yachts,military vessels,cruise liners or other cargo or passenger ships. Compared to shipyards,which are sometimes more involved with original construction,dockyards are sometimes more linked with maintenance and basing activities. The terms are routinely used interchangeably,in part because the evolution of dockyards and shipyards has often caused them to change or merge roles.
Vickers Shipbuilding and Engineering Limited (VSEL) was a shipbuilding company based at Barrow-in-Furness,England that built warships,civilian ships,submarines and armaments. The company was historically the Naval Construction Works of Vickers Armstrongs and has a heritage of building large naval warships and armaments. Through a complicated history the company's shipbuilding division is now BAE Systems Submarine Solutions and the armaments division is now part of BAE Systems Land &Armaments.
The China Shipbuilding Industry Corporation (CSIC) was one of the two largest shipbuilding conglomerates in China,the other was the China State Shipbuilding Corporation (CSSC). In 2019,CSIC was merged into CSSC.
Samsung Heavy Industries Co.,Ltd. (Korean: 삼성중공업) is one of the largest shipbuilders in the world and one of the "Big Three" shipbuilders of South Korea. Geoje is one of the largest shipyards in the world,having 3 dry docks and 5 floating docks. A core subsidiary of the Samsung Group,South Korea's largest conglomerate,SHI's main focus is on the engineering,procurement,construction,commissioning and the delivery of:transportation ships for the commercial industry,topsides modules,drilling and floating production units for the oil and gas sector,gantry cranes for fabrication yards,digital instrumentation and control devices for ships,and other construction and engineering services.
CSSC Offshore &Marine Engineering (Group) Company Limited (COMEC),formerly Guangzhou Shipyard International Company Limited (GSI),is the largest modern integrated shipbuilding enterprise based in Southern China. It was founded in 1954 and is parented by China State Shipbuilding Corporation (CSSC). It was reorganized and issued H share in Hong Kong Stock Exchange and A-share in Shanghai Stock Exchange in 1993 respectively. It is also the only shipbuilding stock listed in Hong Kong.
The State-owned Assets Supervision and Administration Commission of the State Council (SASAC) is a special commission of the People's Republic of China,directly under the State Council. It was founded in 2003 through the consolidation of various other industry-specific ministries. SASAC is responsible for managing state-owned enterprises (SOEs),including appointing top executives and approving any mergers or sales of stock or assets,as well as drafting laws related to SOEs.
Dalian Shipbuilding Industry Company (DSIC),located in Dalian,Liaoning province,China. It is part of China Shipbuilding Industry Corporation (CSIC),which has since been merged into China State Shipbuilding Corporation to form China's largest shipbuilding company.
Sixth Ministry of Machine-Building of the PRC (中华人民共和国第六机械工业部),one of the central offices in the People's Republic of China,created on Sept. 2,1963,who oversaw the shipbuilding industry.
Bohai Shipbuilding Heavy Industry Co.,Ltd. (BSHIC),the former Bohai Shipyard,is a shipyard in China. It is a subsidiary of China Shipbuilding Industry Corporation (CSIC),and is located at the Huludao Port,in southwestern Liaoning Province,China,on the northern coast of the Bohai Sea. The company was founded in 1954,and constructed vessels for the Chinese market,expanding in the 1990s to international markets after obtaining ISO 9000 certification. It was briefly part of the Liaoning Shipbuilding Group in the late 1990s before the formations of CSIC.
Hudong–Zhonghua Shipbuilding is a subsidiary of China State Shipbuilding Corporation (CSSC). It produces civilian and military ships. Hudong–Zhonghua claims to be the "Cradle of Chinese Frigates and Landing Ships" for its work for the People's Liberation Army Navy.
Type 988 oceanographic surveillance ship is a type of Chinese survey vessel that is in service with both the People's Liberation Army Navy (PLAN) and Chinese civilian establishments.
Sun Bo is a Chinese business executive and engineer who served as General Manager of China Shipbuilding Industry Corporation (CSIC). He was arrested for allegedly giving classified details about the Liaoning to the CIA.
Adora Cruises Limited is a Chinese-American cruise line that was scheduled to begin operation in 2020,but was delayed due to COVID-19 pandemic.
Hu Wenming is a retired Chinese business executive who served as chairman of China State Shipbuilding Corporation between 2012 and 2019. In May 2020,he was placed under investigation by the Central Commission for Discipline Inspection (CCDI). His subordinate,Sun Bo,was placed under investigation for alleged graft and corruption on June 16,2018.
Agila Subic Multi-Use Facilities are a shipyard in Subic,Zambales,Philippines. It is located along the coastline of the Redondo Peninsula in Sitio Agusuhin.
The Hangor-class submarines are a class of diesel–electric attack submarines currently being manufactured by a joint-partnership of the China Shipbuilding Industry Corporation (CSIC) and the Karachi Shipyard &Engineering Works (KSEW) for the Pakistan Navy (PN). Eponymously christened after the former-Daphné-class submarines that the PN operated between 1970 and 2006,the class is an export derivative of the Chinese-origin Type 039A/041 attack submarine,currently operated by the People's Liberation Army Navy (PLAN). First unveiled to the public in 2018,the future submarines are envisaged to undertake anti-access/area denial operations within Pakistan's exclusive economic zone,through the use of heavyweight torpedoes and anti-ship cruising missiles.
CSSC unmanned vehicles (UUV)s are uncrewed vehicles developed in the People's Republic of China (PRC) by China State Shipbuilding Corporation (CSSC),most of which are in service with various Chinese governmental agencies/departments,and government-owned enterprises.
PMSS Kashmir is the lead ship of the Kashmir class of multipurpose vessels (MPVs) that was commissioned on 20 July 2018 at Haungpu Shipyard,Guangzhou,China and was launched and formally inducted into Pakistan Maritime Security Agency Fleet as part of OSRON-26 Squadron on 7 September 2018.
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