The Shanghai Waigaoqiao Shipbuilding Company, one of its subsidiaries, is going to deliver a floating, production, storage and offloading vessel to the United States-headquartered oil giant ConocoPhilips in May.

The vessel with a designed capacity of 300,000 tons is the largest and most costly vessel of its kind in China.

CSSC will also deliver in September a 8,530 TEU container vessel and a dredger with a capacity of 13,500 cubic meters in May, both the largest of its kind in China.

CSSC, parent company of 60 subsidiaries covering ship building, ship repair, research and development and offshore engineering, posted a profit of more than 5 billion yuan last year, more than 60 times that of 1999 when it was established.

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