Samjin Shipbuilding Industries (SSI) says it has won financial backing that will see it though its financial struggles and normalise operations at the Weihai-based yard.
TradeWinds has learned that SSI has fully resumed shipbuilding activity following a two-month stoppage after securing a package of financial support from an unnamed third party.
“The problems that the shipyard is facing have been resolved,” said an SSI official.
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