Bankrupt Chinese Yard Relaunches Under New Ownership
China's shipbuilding industry has been expanding capacity as it takes on more and more global market share, and investors and conglomerates have been getting in on the opportunity by reactivating old yards that went bankrupt after the last downturn. Buyers get ready-made drydocks, gantry cranes and fabrication plants for a fraction of the time and cost of building a greenfield yard. The latest instance is the restart of the Nanjing Dongze Shipyard on the Yangtze, which began with a judicial...
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