COSCO shipyard joint venture to close, as losses mounting
By Wang Ying in Shanghai | China Daily | Updated: 2013-05-09 06:02
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A wharf owned by COSCO (Lianyungang) Shipyard Co Ltd, in Jiangsu province. It was announced on Tuesday that the joint venture will be dissolved after steep losses incurred during the industry downturn. Zhu Huanan / For China Daily |
COSCO (Lianyungang) Shipyard Co Ltd, a joint venture between Jiangsu Lianyungang Port Corp Ltd and COSCO Shipyard Group Co Ltd, is to be dissolved after steep losses incurred during the industry downturn.
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