Jiangsu Universe Shipbuilding bankrupted

Handy handymax bulk carrier builder Jiangsu Universe Shipbuilding is liquidated by the Yizheng Court. Jiangsu Universe Shipbuilding could not repay its debts and had ceased assembling bulk carriers. Shipowners Jiangsu Bang Tuo ordered some handymax bulker carriers at the Jiangsu Universe Shipbuilding but these were never delivered. Jiangsu Universe Shipbuilding was established in 2004. Jiangsu Universe Shipbuilding has three slipways and was able to build vessels of less than 100K DWT.

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