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Market
Which region will the merged CSSC and CSIC secure a major commercial shipbuilding contract from by June 30, 2025?
2
China State Shipbuilding Corporation•CSSC•China Shipbuilding Industry Corporation•CSIC•China•Beijing
Resolution / Starting Odds
From a European company • 25%
From an Asian company (excluding China) • 25%
From a North American company • 25%
From another region or no major contract • 25%
Official announcements from CSSC, CSIC, or the contracting company
Story
China's CSSC and CSIC Merge to Form World's Largest Shipbuilder with CNY270 Billion Market Cap
Sep 5, 2024, 05:34 PM
China State Shipbuilding Corporation (CSSC) and China Shipbuilding Industry Corporation (CSIC), two of China's largest state-owned shipbuilders, announced a merger to form the world's largest shipbuilder. The combined entity will have a market cap of nearly CNY270 billion (USD38 billion), total assets of nearly 400 billion yuan (USD56 billion), and annual sales of over 100 billion yuan. The merger, executed through a share swap, aims to reduce competition, better serve the military, and address global vessel shortages. This consolidation is part of Beijing's strategy to strengthen its shipbuilding industry amid rising protectionism.
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Similar markets
Yes • 50%
No • 50%
Increase by more than 5% • 25%
Increase by 1-5% • 25%
No significant change • 25%
Decrease • 25%
Yes • 50%
No • 50%
Increase by more than 10% • 25%
Increase by 1-10% • 25%
No significant change • 25%
Decrease • 25%
New CEO appointed • 25%
Existing CEO remains • 25%
Board restructuring • 25%
No significant changes • 25%
Launch of a new submarine • 25%
Commissioning of a new aircraft carrier • 25%
Completion of a major naval base • 25%
Other • 25%
South China Sea • 25%
East China Sea • 25%
Taiwan Strait • 25%
Other • 25%
Middle East • 25%
Europe • 25%
Asia • 25%
Other • 25%