Major Tianjin yard bankrupt
Sam Chambers October 13, 2021 https://splash247.com/major-tianjin-yard-bankrupt/
In Asia, shipyards these days rarely become extinct, they merely change hands once the coffers run dry.
In China, it has been announced that debt-laden Tianjin Xingang Ship Heavy Industry is to close as a corporate entity. The yard, founded 81 years ago, has already been through one bankruptcy process at the start of the century.
