CSICL’s profit falls 47% in 1Q15

Shanghai-listed China Shipbuilding Industry Company Limited (CSICL) said its profit fell 47% year on year (y/y) to CNY385.4 million (USD62.2 million) in the first three months of 2015 as a result of higher raw material and labour costs.
The flagship listed unit of China Shipbuilding Industry

Vietnamese Navy Buys Land Attack Missiles

By Reuters 2015-04-30 03:13:06 Vietnam is arming its expanding submarine fleet with land attack missiles that could be capable of reaching Chinese coastal cities, a choice of weapon likely to be seen as provocative by China in the ongoing South China Sea dispute. The independent Stockholm International Peace Research Institute (SIPRI) recently updated data on…