Investors considering buying into Singapore-listed Chinese shipbuilders should be more wary of Cosco Corp than Yangzijiang despite the latter seeing a newbuilding contract cancelled, an analyst has said.
Though DBS Vickers predicts that FreeSeas’ default on payments on a pair of 33,600-dwt bulkers could weigh on YZJ’s stock price, it more or less echoed UOB Kay Hian's view earlier today in declaring the blow would have little impact on business.
“The
