Many ship recyclers in China are likely to go
bankrupt in the coming 12 months the head of the nation’s ship recycling
association has warned. Speaking with our sister site, Maritime CEO, Xie Dehua,
president of the China National Ship Recycling Association, said: “Many of
China’s ship recycling yards will go bankrupt next year.”
Xie’s thoughts echo a recent market report from
ship scrapping specialists GMS which predicted Chinese recyclers would continue
to suffer from limited business through to the end of 2015.
Source: sinoship
news. 23 October 2014
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