Italian shipbuilder Fincantieri has signed an agreement with China State Shipbuilding Corporation (CSSC) and Shanghai’s district of Baoshan to create a cruise ship industrial park in the area.
Wärtsilä and China State Shipbuilding Corporation (CSSC) have signed a new joint venture company agreement to focus on the Chinese electrical and automation (E&A) market.
CSSC Wärtsilä Engine Co Ltd (CWEC), the joint venture formed between Wärtsilä and China State Shipbuilding Corporation (CSSC), has opened its new Shanghai production facility and announced its first vessel contracts.
The 38,762dwt geared handysize carrier ‘True Love’ has provided the Green Dolphin concept with its seagoing debut - leading a robust and exceptionally economical new generation of versatile ‘workhorses’ for multifarious bulk cargo commerce. David Tinsley reports.
The recent news that Wärtsilä was, in effect, selling a majority stake in its two-stroke engine business to China’s state shipbuilding concern came as rather a shock to many in the industry.
Wärtsilä says it has signed a joint venture agreement with China State Shipbuilding Corporation (CSSC) for manufacturing medium and large bore medium speed diesel and dual-fuel engines.
Wärtsilä has announced its intention to form a joint venture with China State Shipbuilding Corporation, in which CSSC will hold the larger share, to take over Wärtsilä’s two-stroke engine business.
China Shipping Industry Co Ltd (CIC) has begun work this week on the 10,000 teu containership for China Shipping Container Lines (CSCL).
Fairstar Heavy Transport has entered into a contract with Guangzhou Shipyards International (GSI), part of the China State Shipbuilding Corporation, to build two 50,000 dwt open stern, semi-submersible vessels at a fixed cost of $101,888,000 per ship.
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