China’s Shipbuilders Go From Boom to Rust
Shipyards across China are being driven out of business by weak global demand for new ships
Caixin Media
10.08.13
Shandong Shipyard’s Lesson: Don’t Rock the Bank
What was initially billed as a lucrative order from a European customer has pushed a Shandong Province shipbuilding company to the brink of bankruptcy and ruined its relationship with one of China’s biggest banks.
Rushan City Shipbuilding...