Dalian Shipbuilding Industry Company

Dalian Shipbuilding Industry Company (DSIC) was formed in December 2005, as the result of a merger between Dalian Shipbuilding Industry Company and Dalian New Shipbuilding Industry Company, and is the largest shipbuilding company in China. It is owned by: • China Shipbuilding Industry Corporation which is one of the two state-owned enterprises that came into being under the directive of the China State Council of 1999, the other being: • China State Shipbuilding Corporation While the former corporation is listed on the Shanghai Stock Exchange, the latter is not (yet) listed. Separately, the People's Liberation Army Navy owns military ship yards, such as in Lushun, Dalian, Liaoning. DSIC located on two shipyards with a total of 3,400,000 square meters of land and owns 15,000 employees. Its revenue in 2006 exceeded CN¥10,000,000,000 which puts itself as the No. 1 shipbuilding company in China, exceeding Shanghai Waigaoqiao Shipbuilding Industry Company. ==History==

Dalian Shipbuilding Industry Company has a history of more than 100 years. • June, 1898: Russia started construction of a ship yard next to Dalian Port, in their new leased territory • 1905: Japan replaced Russia to lease Dalian and continued to expand the ship yard • 1945: The Soviet Union liberates Manchuria and shared the operations of Dalian Shipyard with China. • 1955: Became "China Shipbuilding Company", managed by China : During the 1960s, built China's first submarine equipped with guided missiles :During the 1970s, built China's first destroyer equipped with guided missiles • July, 1984: Spun off Dalian Maritime Diesel Company (DMDC) and other subsidiaries • August, 1990: Dalian New Shipyard was completed in the west of the old ship yard :During the 1990s, with help from Hitachi Shipbuilding Corporation (now part of Universal Shipbuilding Corporation) and others, introduced the "block construction" method, reducing the ship building time and cost • August, 2000: Dalian New Ship Yard was incorporated as Dalian New Shipbuilding Industry Co., Ltd. • April, 2002: Dalian New Ship Yard was incorporated as Dalian Shipbuilding Industry Co., Ltd. • 2005: Under the directive of the China State Council, these two companies merged to become Dalian Shipbuilding Industry Co., Ltd. • 2009: The former Soviet aircraft carrier Varyag was converted to the People's Liberation Army Navy's aircraft carrier Liaoning for training. • 2014: Converted the Chinese aircraft carrier Liaoning from training aircraft carrier to active combat ready aircraft carrier • 2013-2017: Built first indigenous Chinese aircraft carrier Shandong ==See also==