Shandong Huahai Shipbuilding, a small Chinese shipyard based in Rizhao, Shandong, went into court receivership on application of a compatriot creditor.
On 30 August, the Rizhao Intermediate People’s Court ruled that it would accept the application filed by Shandong Jintuo Energy for the bankruptcy and liquidation of Huahai Shipbuilding, the court said.
The creditors of the shipyard should file credit claims to the receiver by 20 October. The first round of creditor meeting will be held on 29 October.
According to China’s company registry, the yard was set up in July 2007 with designed capacity for the building of vessels under 70,000 dwt.
According to IHS Sea-web.com, the yard’s orderbook comprises two 36,000 dwt bulk carriers, which are scheduled for delivery in December 2015. It has delivered a total of nine vessels: two tugs, three product tankers, and four bulk carriers.