Cosco Shipping Corp has unveiled its new shipbuilding entity to be christened Cosco Shipping Heavy Industry.
As part of its long-awaited restructuring, the Chinese giant will combine as many as 13 shipyards and 20 more units into this new single company.
Cosco Shipping Heavy Industry will focus on equipment manufacturing and repair services.
It was previously controlled by China Shipping Group, which merged with Cosco last year.
The
