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You are here: Home → Archive → 2009 → August → Weekly Edition 6th of August 2009 → China yard moves into ship scrapping

China yard moves into ship scrapping

by Jim Wilson — last modified Aug 06, 2009 03:56 PM

GIVEN the dearth of newbuilding orders Chinese shipbuilder Jiangsu Yangzijiang Shipbuilding has set its sights on the booming demolition business.

Yangzijiang Shipbuilding has teamed up with Chongqing Iron and Steel to form a ship demolition company, Jiangsu New Yangzijiang Metal Recycle, with a registered capital of Yuan600m (US$88.2m).
The project is scheduled to be operational by the end of...

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