China State Shipbuilding Corp (CSSC) has marked its move from Beijing to Shanghai with a string of newbuilding and equipment contracts worth CNY 120bn ($1.88bn).
The group is one of several state-owned enterprises that has exited the capital as part of a government shake-up.
CSSC said it has inked eight newbuilding contracts across multiple ship types including LNG carriers, container ships, pure car/truck carriers, ro-paxes, heavy-lift vessels and bulkers.
