Hong Kong and Shanghai-listed Guangzhou Shipyard International (GSI), fresh from its restructuring and rehabilitation is moving forward and will change its name to CSSC Offshore & Marine Engineering to reflect this, the company said.

After its state-owned major shipbuilder parent China State Shipbuilding Corp (CSSC) injected three yards into the company last year, the company now has a focus on handymax tankers as well as military and auxiliary vessels.

With Huangpu Wenchong Shipbuilding, Yangzhou Kejin and Longxue Shipyard now in its fold, the company could next see more CSSC yards in the Southern part of China being put under its charge.

These may include well-known yards such as Xijiang Shipbuilding, Jiangnan Shipyard and Hudong-Zhonghua Shipbuilding.