China's biggest yard ready again in 2015

Following a billion-dollar deficit, China's biggest state-owned shipyard, Rongsheng, is now in the midst of a comprehensive restructuring process that is expected to be completed by the summer 2015.

Photo: Erria

The biggest state-owned shipyard in China, Rongsheng, has now initiated a long-awaited restructuring process that is expected to be completed by June next year, according to Reuters.

This happens as the result of the yard's long-term financial situation, which in early September made authorities search for a third part to handle the restructuring.

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