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Shipbuilding giant CSSC moves closer to asset integration | Hellenic Shipping News Worldwide


Shipbuilding giant CSSC moves closer to asset integration
Nine listed subsidiaries of China State Shipbuilding Corp Ltd, or CSSC, announced that they will transfer equity to CSSC, a major step in asset integration after their erstwhile parent groups started merger in 2019.
Three listed companies of previous China State Shipbuilding Corp, including CSSC Science and Technology Co Ltd and CSSC Offshore and Marine Engineering (Group) Co Ltd, and six listed firms of former China Shipbuilding Industry Corp, such as China Shipbuilding Industry Group Power Co Ltd, announced in separated notices that all of them will unconditionally transfer their equities to CSSC as part of the merger process. ....

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'Ocean 100': Small group of companies dominate ocean economy


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IMAGE: Revenue share accounted for by the 10 largest companies in each of the eight core industries of the ocean economy. Outer band indicates the respective industry total revenue in 2018.
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Credit: Science Advances
For the first time, scientists have identified the 100 transnational corporations (see table) extracting the majority of revenues from economic use of the world s ocean.
Dubbed the Ocean 100 , the group of companies generated US$1.1 trillion in revenues in 2018, according to the research published in the journal
Science Advances.
If the Ocean 100 was a country it would be the 16th largest on Earth, said Henrik Österblom, a co-author on the study from Stockholm Resilience Centre at Stockholm University. By revenue, the Ocean 100 is equivalent to the GDP of Mexico. ....

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