Yangzhou Huanqiu Shipbuilding declared bankrupt

Yangzhou Huanqiu Shipbuilding declared bankrupt

Huanqiu Shipbuilding, a major shipyard in based in Yangzhou, Jiangsu, has been declared bankrupt by the local court.

Jiangsu Bangtuo Shipping, a creditor of the shipyard, applied with the court in Yizheng to liquidate the shipyard in November 2015 due to the shipyard’s inability to repay debts. The court has now appointed a receiver for the shipyard to handle the liquidation of the shipyard.

Huanqiu Shipbuilding was established in 2005 by Zhejiang-based metal producer Kailai Fengzu Metal Company and mainly builds bulkers.

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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