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Chinese yards shut down one after the other

140 yards have shut down since 2010 in the world's second largest shipbuilding nation - and this development is expected to continue as a result of reforms in the Chinese economy and dark days for the dry bulk segment.
Photo: Stena Bulk
Photo: Stena Bulk
BY CHRISTIAN BARTELS

The dry bulk crisis and China's transition from a manufacturing economy to a service economy are listed as explanations for the country shutting down up to 140 yards in recent years, reports Bloomberg News.

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