Greater ChinaShipyards

Bust Haizhou Shipyard listed for auction

The administrators of bankrupt Zhejiang Haizhou Shipyard has listed the entire assets of the shipyard for auction as part of the liquidation process.

The auction will be held online on January 13, with a starting price of RMB808m ($115.8m).

Haizhou Shipyard, once one of the largest ship repair yards in China, filed for bankruptcy in January 2019 and has been looking for new investors.

In the first creditors’ meeting, 396 creditors of the shipyard requested repayment of RMB3.36bn ($490m) of debt in total.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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