Like other Chinese shipbuilders facing squeezed circumstances Yangzijiang, China’s largest private shipbuilder, is growing as a fully-fledged shipowner. Singapore-based Yangzijiang Shipping, a subsidiary of Yangzijiang Shipbuilding, has bought the three-year-old 39,400 dwt bulk carrier CWB Strongfield. The ship was built at the now bankrupt Nantong Mingde Heavy Industry. Yangzijiang paid $14m for the ship via […]
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