By occupying the global shipbuilding market of 7.5 percent, 10 percent and another 10 percent in ship construction, new orders and total orders respectively; CSSC shrank the gap between itself and the world's largest shipbuilder Hyundai Heavy Industries Co of South Korea, maintaining the second place for two consecutive years.
Invested by CSSC jointly with Baosteel Group, Shanghai Jiangnan-Changxing Shipbuilding's production base in Changxing Island in Shanghai will be inaugurated on June 3, CSSC said yesterday. It may boost CSSC's annual production capacity to 7 million dwt. CSSC is also trying to design and develop luxury cruise liners, which are produced only by European shipbuilders at present.
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