Major Chinese shipyard needs outside help

China's Guangzhou Shipyard International, which counts Danish Norden as one of its major customers, is performing a material transaction, informs the company after trade of the company's shares has been suspended since Monday.

Photo: Hempel

China's Guangzhou Shipyard International, which counts Danish D/S Norden among its customers, will have to go through a material transaction, said the yard on Thursday, following the suspension of trading the yard's shares on the Hong Kong and Shanghai stock exchanges since Monday, citing an imminent event.

Aggressive Korean yards replacing ships with offshore 

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