CSIC changes course to high-end specialist vessels

State shipbuilder acts on oversupply and waning global demand

China Shipbuilding Industry Corp, one of the country's two major shipbuilding conglomerates, plans to integrate six of its shipyards into three. It will focus more on building high-end vessels as the industry remains in choppy waters amid waning global demand.

Officials at the State-owned company said the plan is to simplify its management structure and make itself more proficient in building ships such as very-large crude and ore carriers, bulk carriers, and cement and cattle vessels, which will allow it to diversify its options and broaden its customer base.