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    Rongsheng sets record in 2012

    By ZHOU SIYU | chinadaily.com.cn | Updated: 2013-05-01 18:32

    Rongsheng Heavy Industries Group, one of China’s largest shipbuilders, completed 3.9 million deadweight tons in 2012, setting a company record.

    The company also said that the shipbuilding business, despite a global downturn, remains its main source of revenue.

    More than one third of global shipping companies have suffered financial losses, industry data showed.

    Rongsheng said, in a statement, that it expects to see a recovery in the industry in both orders and prices.

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