Half of the Chinese shipyards will disapepar in the next 3-5 years, says the Chairman of China's second-largest stock listed shipyard group, Yangzijiang Shipbuilding.
“The State Council’s plan will deliver help to big but struggling shipyards, benefit quality shipyards such as ours with cheaper financing and export credit and expedite the demise of incompetent shipyards. In three to five years’ time, 50 percent of China’s shipbuilding capacity will die of order hunger and 30 percent will survive but hobble, leaving 20 percent in healthy shape," said Ren Yuanlin at a press briefing in Singapore on Wednesday.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
ECSA's new secretary general balances on a razor's edge
ECSA’s newly appointed secretary general, Sotirs Raptis, has taken up the helm of an organization criticized by its own members for being invisible. In an interview with ShippingWatch, Raptis explains how he intends to alter that image.
This is how much EU's CO2 quotas will cost for a container from Asia to Europe
The EU Parliament has given its approval to the part of the EU’s large-scale energy reform that aims to include shipping in CO2 quota system from the new year. Siglar Carbon has calculated the additional charges for a single container from Rotterdam to Shanghai.
DHL warns of "tidal wave" in supply chains after Shanghai reopening
When Shanghai at some point reopens, the pressure on supply chains will be enormous. CEO of DHL Global Forwarding does not expect freight market normalization before 2023.
Three closed OW Bunker companies pay creditors major sum
The clean-up following OW Bunker’s collapse continues. Three shut-down OW Bunker subsidiaries in the US now return a large million-dollar sum to creditors.
Hafnia, Svitzer and 25 other players to attract talents to shipping
27 companies join forces in effort to attract more talents to shipping, both on land and at sea. The initiative was launched in Zürich Tuesday.
Marine Sales Executive - Performance Coatings 
Technical Controller 
Senior Finance Business Partner 
Port Director for the Port of Kolding 
Team Manager