Ouhua Shipbuilding seeks new investors

Ouhua Shipbuilding seeks new investors

Bankrupt Chinese private shipyard Zhejiang Ouhua Shipbuilding has released a public notice looking for new investors to restructure the yard.

The administrator of Ouhua has asked potential investors to submit applications before a deadline of November 30.

According to the notice, Ouhua Shipbuilding owns one 80,000dwt dock and one 30,000 dwt dock and charters one 100,000 dwt dock, and has a shipbuilding capacity of 1m dwt at peak times.

In July, Zhoushan Intermediate People’s Court ruled to liquidate Ouhua Shipbuilding after the shipyard applied for bankruptcy protection in May.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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