More shipyards are being left holding the baby as owners encounter cashflow problems. Singapore-listed Chinese shipbuilder Yangzijiang, viewed by analysts as having a strong track record in on-time deliveries, is no exception. In an interview with Fairplay, Yangzijiang executive chairman Ren Yuanlin revealed that the yard had to re-sell three bulkers for about $2 5M each when the owners defaulted for different reasons.
展开▼
