Expectation of China State Shipbuilding Co (CSSC) and China Shipbuilding Industry Corp (CSIC) getting together was raised this week following a heavyweight executive move.
As TradeWinds reports today Beijing is transferring CSSC chairman Hu Wenming to northern entity CSIC, leaving the latter’s vice-president, Dong Qiang, to take charge of the southern group, in what was interpreted as ground work for the deal.
Hype
