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Steering Yangzijiang to calmer waters amid rough weather

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

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...