Greater ChinaShipyards

Dongfang Shipyard assets to be auctioned

The last vestiges of a shipyard that emerged during the great boom of the first century are to be sold at an online auction.

Chinese shipyard Dongfang Shipyard, established in 2006, listed in London in 2011 and then ran into severe financial difficulties the following year.

The yard’s assets will be auctioned on November 22. The company used to operate two yards – one in Jiangsu and the other in Anhui, the former boasting one of the largest drydocks in China.

At its peak, China had more than 3,000 yards in 2010 – a figure that has dropped by 90% in the in the following decade.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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