Southeast China’s leading shipbuilding city, Taizhou, is going through a lot of pressure in the middle of the industry downturn.
As SinoShip News reports, survival is unlikely for over 80% of the companies.
In the best time of shipbuilding, there were around 190 shipbuilding companies in Taizhou.
[mappress]
Shipbuilding Tribune Staff, August 19, 2013