Greater China

Sainty Marine moves into coal sector

Shanghai: Nanjing-based shipbuilder Jiangsu Sainty Marine is moving into coal sales as ship orders dwindle. Sainty Marine was one of the first yards to enter shipowning via a Hong Kong subsidiary set up earlier this year, a trend many other yards have followed. The listed company has continued to struggle to get orders for new ships. Its yard focuses on building all kinds of ships below 100,000 dwt, offshore engineering ships and inland river ships.  [25/07/12]

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