Thursday, November 22, 2012

[Ship Building] CSSC Undergo Restructuring

CSSC Undergo Restructuring

Amid lack of large-size newbuilding orders, the China State Shipbuilding Corporation (CSSC) is promoting management rationalization of its affiliated Guangzhou Longxue Shipbuilding Base.

Local sources said that CSSC subsidiary Guangzhou Shipyard International is now operating Longxue Shipbuilding and has reduced labor cost by 30% with an aim to boost efficiency.

CSSC has deputed management of Longxue, which majors in large-size vessels, to product carrier specialized GSI.

Meanwhile, GSI signed a newbuilding contract for two plus two very large crude carriers with COSCO Dalian on November 12, but Longxue will build the newbuildings.



Published : November 21, 2012


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