GSI Eyes Huangpu Wenchong Yard

Guangzhou Shipbuilding International (GSI) today announced plan to acquire CSSC Huangpu Wenchong Shipbuilding Company (Huangpu Wenchong) and related shipbuilding assets held by Yangzhou Kejin.

As the only overseas capital operations platform of China State Shipbuilding Corporation (CSSC), GSI will become the first military industry-related company with dual-listing status in Hong Kong and Shanghai. Trading of GSI shares will resume on November 3rd on Hong Kong and Shanghai Stock Exchange.

Huangpu Wenchong is CSSC’s primary base for defense ships, special engineering vessels and ocean engineering equipment in southern China, as well as the very leading manufacturing hub for dredging engineering vessels and feeder container ships.

Management of GSI said, “CSSC’s solid support makes it possible for GSI to continuously consolidate industry resources through strategic M&A actions. We are committed to fully leveraging on China’s new policy for military industry assets securitization, and raising our defense and ocean engineering equipment capabilities. We believe the across-the-board development in defense, civil and ocean engineering segments will build a solid foundation for strengthening our competitiveness and profit-making capacities.”

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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