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Steering Yangzijiang to calmer waters amid rough weather

Shipbuilder could gain from the current crisis engulfing the industry in China.

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Mr Ren (foreground) projects that the number of Chinese shipyards in operation - already down to about 300 from 3,000 five years ago - could further decline to under 50 in another three years.

AS THE Chinese saying goes, every crisis presents both danger and opportunity. For Yangzijiang Shipbuild- ing chairman Ren Yuanlin, the current crisis engulfing the Chinese shipbuilding industry may well open up another window of opportunity for further business expansion as rival yard operators...