Several shipbuilding sources that TradeWinds has spoken to said they have heard Jiangsu Rongsheng Heavy Industries is one of the shipbuilding companies that Vale has approached for VLOC newbuildings.
However, they are doubtful that the shipyard is able to make a comeback to the industry since it has sold most of its valuable equipment and a large gantry crane.
“This shipyard has not been in operation for several years and to restart its operation, it will need substantial funding,” a shipbuilding expert said.
