China's cabinet has approved a merger of the country's two largest shipbuilders, China State Shipbuilding Corp (CSSC) and China Shipbuilding Industry Co (CSIC), the country's state asset regulator said on Friday.
The companies' products range from aircraft carriers to commercial ships that carry oil and gas.
Reporting by Beijing Monitoring Desk
Salaries of the 500 employees are secured by insolvency money; discussions planned with clients for shipbuilding projects already underway.
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For the first time ever, Military Sealift Command is hosting a virtual job fair to reach US Citizens in the Philippines who are interested in a maritime career.
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