ChinaState Shipbuilding Corp. Limited (CSSC) has officially become the world’slargest shipbuilding company after completing its merger with ChinaShipbuilding Industry Company Limited (CSIC). The deal was finalized throughthe issuance of 3.05 billion new shares on the Shanghai Stock Exchange.Orig

inallyone company, CSSC and CSIC were split in 1999 by government decision to boostcompetition in the sector. Now, China is moving towards consolidation ofstate-owned enterprises to strengthen global competitiveness and efficiency.