Two small and medium-sized Chinese shipyards — Nantong Huigang Shipbuilding Co and Nantong Qiya Ship Engineering — are in a battle for survival, according to reports.
Nantong Qiya Ship has filed for bankruptcy although Nantong Huigang insists it is operating normally.
According to local reports, the Qidong-based Nantong Qiya Ship Engineering was put up for auction in September but failed to get a buyer.