Independent journal on economy and transport policy
19:41 GMT+2
China's shipyards founder as building boom ends
(China Daily)
May 7, 2012
Welder Zhang fires up his blow torch and looks up at the towering, 8,800-tonnes oil tanker that is likely to be his last job at China's privately owned Qiligang Shipbuilding Co.
Barring a miracle, the 50-year-old will soon join the thousands of unemployed shipbuilders who have fallen victim to the end of China's maritime boom and the long-awaited consolidation of its more than 1,600 shipbuilding companies ...... Read more on China Daily
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