Ouhua buys out neighbouring Zhejiang yard

On the back a recent raft of orders China's  Zhejiang Ouhua Shipbuilding has decided to take over Zhejiang Dexing Shipyard controlled by the KaiKai Group.

Dexing is located in the west part of Ouhua. China's yard scene has entered a dramatic period of consolidation, with plenty more merger and acquisitions on the cards.
A week ago it emerged Ouhua Shipbuilding had won an order for two 4,800 teu boxships plus two optional ships from Greece’s Thenamaris. Each of the ships will have a length of 250m, width of 37.3m and height of 19.6m. Construction of the boxships is expected to start in June next year at the Chinese shipyard, with the vessels scheduled for delivery in June 2013.  The Chinese yard has recently built and delivered four 5,300 teu boxships.
Source: SeaTrade Asia