China Shipbuilder Goes Bankrupt
The first shipbuilder in the North-East China province of Liaoning, Dalian Oriental Precision & Engineering declares bankruptcy,
According to SinoShip News, the shipbuilding company Dalian Oriental Precision & Engineering was invested in by Japanese company Oriental Precision and Dalian Shipbuilding Industry.
The shipbuilders began operations in 2007, just before the global financial crisis ocurred.
A local bank has taken over the company, and is processing an asset inventory.
