Several mergers between Chinese shipbuilders are putting South Korean mid-size companies, which are already struggling, into risk. Because of these mergers, are medium-sized Korean shipyards worry that they could lose deals to construct oil tankers to Chinese companies, like it happened for bulk carriers.
China’s two largest dockyards, namely China CSSC Holdings Ltd. (CSSC) and China Shipbuilding Industry Corp. (CSIC) are considering to merge. After this development, China’s four largest...
https://safety4sea.com/mergers-of-chinese-shipbuilders-put-s-korean-companies-at-risk/