Back in 2006-2007, the shipping industry got ahead of itself. A commodities boom fueled a large demand for all kinds of ships from oil tankers to dry bulk shippers. The ship yard was booming and many yards sprout up all over the world. There was a US housing bubble, but unknown to many (amateur me included), there was another bubble. Quartz have this short article on China’s biggest private ship builder China Rong Sheng struggling to pay off debt. We would ......