Massive downscale of Chinese shipyards

China's shipbuilding industry will be left with around 30 shipyards, says the Chinese shipyard boss. This year alone, orders dived sharply.
Photo: Georg Hammerstein/POLFOTO/ARKIV
Photo: Georg Hammerstein/POLFOTO/ARKIV
BY OLE ANDERSEN

China's shipbuilding industry will be left with around 30 shipyards by the end of 2015, and even that may be a conservative assessment. That's the sentiment from the CEO for Yangzijiang Shipbuilding, Ren Yuanlin, who in local media Seatrade Maritime both outlined his vision for current developments in the Chinese shipyard industry and offered projections for the future. 

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