The boss of Jingjiang-based Jiangsu Tongkang Shipbuilding, Wei Chunding, has fled in an attempt to avoid huge debts, leaving the yard’s employees unpaid, local media is reporting.
Shipyard staff have reported the situation to the local authorities and asked for help in an attempt to get RMB725.73k ($113.6k) worth of unpaid salaries.
Tongkang Shipbuilding was established in 2001, and it mainly builds vessels below 20,000dwt including tankers, bulkers, boxships and tugboats.
In July, the shipyard was selected by Jiangsu Transport Authority as a pilot shipyard to build LNG-powered vessels.
The authorities have started investigations into the case.