ICBC Financial Leasing intends to order 10 giant 400,000-dwt ore carriers at Yangzijiang Shipbuilding, with the idea of constructing them on rented space at the larger but idle Jiangsu Rongsheng Heavy Industries, according to multiple sources.
Those close to the deal indicate that Yangzijiang could become the main shareholder in a new Rongsheng, with creditors of the failed yard taking minority shares.
But
