It is common for shipyards to cut capacity in the face of a downturn in the shipbuilding market. But in China's Jiangsu province, one domestic yard is bucking that trend.
Nantong Xiangyu Shipbuilding & Offshore Engineering joined the depressed industry last year but has since invested to drive productivity.
Nantong Xiangyu was founded at the end 2016, when an alliance of three domestic companies took over collapsed Nantong Mingde Heavy Industries.
