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 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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