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Home Icon > About Us > News > One Chinese Shipyard Is So Unprofitable It’s Literally Becoming a Parking Lot

One Chinese Shipyard Is So Unprofitable It’s Literally Becoming a Parking Lot

By Ma Jie (Bloomberg) — Chinese shipbuilders are under so much financial strain that one of them is literally being turned into a parking lot. China Ocean Industry Group Ltd., which dropped “shipbuilding” from its name in March, acquired a car-park operator last year to meet an estimated shortage of 50 million parking spaces in […]

The post One Chinese Shipyard Is So Unprofitable It’s Literally Becoming a Parking Lot appeared first on gCaptain.

WP_Post Object ( [ID] => 112334 [post_author] => 21 [post_date] => 2016-04-15 16:05:21 [post_date_gmt] => 2016-04-15 16:05:21 [post_content] =>

parking-825371_1280By Ma Jie (Bloomberg) — Chinese shipbuilders are under so much financial strain that one of them is literally being turned into a parking lot. China Ocean Industry Group Ltd., which dropped “shipbuilding” from its name in March, acquired a car-park operator last year to meet an estimated shortage of 50 million parking spaces in […]

The post One Chinese Shipyard Is So Unprofitable It’s Literally Becoming a Parking Lot appeared first on gCaptain.

[post_title] => One Chinese Shipyard Is So Unprofitable It’s Literally Becoming a Parking Lot [post_excerpt] =>

parking-825371_1280By Ma Jie (Bloomberg) — Chinese shipbuilders are under so much financial strain that one of them is literally being turned into a parking lot. China Ocean Industry Group Ltd., which dropped “shipbuilding” from its name in March, acquired a car-park operator last year to meet an estimated shortage of 50 million parking spaces in […]

The post One Chinese Shipyard Is So Unprofitable It’s Literally Becoming a Parking Lot appeared first on gCaptain.

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