Shipping boom triggered by huge import of iron ore and oil may mean it could one day displace the Republic in the business
By Tschang Chi-chu
NANTONG (Jiangsu) - Since January, Cosco (Nantong) Shipyard, has turned away roughly 15 per cent of the ships that have come to its shipyard at the mouth of the Yangtze River for repairs.
'Turning away our old customers is the hardest thing for us to do,' said Mr Chen Denghua, general manager of Cosco, whose customers include shipping giants A.P. Moller-Maersk Group, Hyundai Shipping and Kawasaki Kisen Kaisha ('K' Line)
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