Yangzijiang Shipbuilding one of the biggest Chinese ship makers is set to become a very significant shipbreaker.

The Yangzijiang group is investing RMB 240m ($38m) in a shipbreaking venture that will have the capacity to scrap up to 15 VLCCs a year.

A containership is readied for delivery at a Yangzijiang yard.
Singapore listed Yangzijiang is taking an 80% stake in Jiangsu Huayuan Metal Processing whose subsidiaries include the Jingjiang City Dunfeng Ship Dismantle Co.

Yangzijiang