Leading Chinese shiprepairer Haizhou Shipyard, which has filed for bankruptcy with debts of CNY 3.3bn ($490m), has a history of fatalities that appear to have contributed to its financial troubles.
Haizhou repairs all ship types and is popular with international companies. It has grown considerably over the past decade.
In 2009, it spent CNY 580m expanding its facilities by adding a VLCC dock, a large dry dock and some berths.
