A New Shipbuilding Giant is Born: China State Shipbuilding Corporation Moves Closer to Completion of Historic Merger

Exchange. CSIC will be delisted on August 12, followed by a trading suspension for both companies on August 13. The combined entity will inherit over RMB 400 billion in assets and annual revenues exceeding RMB 130 billion. In 2024, the firms jointly secured 257 vessel orders, representing nearly 17% of global newbuilding orders. The merger unifies prominent shipyards such as Jiangnan Shipyard, Waigaoqiao Shipbuilding, Dalian Shipbuilding, and Beihai Shipbuilding, consolidating commercial and defense operations. CSSC Group has also pledged further restructuring, potentially listing Hudong-Zhonghua Shipbuilding assets in the future. This is the largest restructuring in the A-share market, signaling a transformative shift in the global maritime industry.