Former bulk carrier specialist Yangzhou Guoyu Shipbuilding is making a comeback under the name Jiangsu YiXiang Shipbuilding — with new owners and three gas carrier newbuildings on its orderbook.
According to shipbuilding sources, Guangdong Jovo Gas Technology — a subsidiary of Chinese LNG and LPG trader Jovo Energy — and HuaXiang Shipping now own the Jiangsu-based yard.
Sources told TradeWinds that the two companies bought out the shipyard’s creditors last year and put down CNY 50m ($6.9m)
