Caixin
May 10, 2012 02:33 PM

China's Young, Burly Shipyards Sinking Fast

 
a

(Beijing)–There's plenty of water but the gold is disappearing along a strip of the Yangtze River that China's shipbuilders call the "golden waterway."

A dramatic slowdown for the industry has reversed the fortunes of companies such as Jiangsu Jiuzhou Shipyard Co. Ltd., one of many yards that sprang up during a short-lived bull market for big ships such as oil tankers and container carriers.

loadingImg
You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code