Yard Talk | Life is unpredictable
Yangzijiang chairman Ren Yuanlin, the shipbuilding veteran known for his vigilance against risk, has proven he is not immune to the political risk that unseats so many high-flyers in the Chinese business world. But the astonishing competitiveness of Yangzijiang as a privately run yard — a feat for which he takes almost sole credit — should be preserved in today’s shipbuilding industry, where state-backed players are increasingly dominating the scene
Chairman Ren Yuanlin’s possible return to the helm is hugely important for Yangzijiang, which is pinning its hopes on a big turnaround in the second half to hit its full-year new order target. The return of the business maestro would inspire confidence that it is heading in the right direction