Yangzijiang Shipbuilding gets US$2.5b orders for 22 newbuilds

CHINESE shipbuilder Yangzijiang Shipbuilding has sealed new shipbuilding contracts for 22 vessels worth around US$2.5 billion, taking its total orderbook over the $10 billion mark.


The orders are made up of twelve LNG dual-fuel 16,000 TEU containerships, linked to Soren Toft-led Mediterranean Shipping Company (MSC) and ten bulk carriers, consisting of four 32,000 dwt and six 66,000 dwt units, reports Singapore's Splash 247.


With these latest wins, year-to-date, the Singapore-listed company has secured new orders for 40 vessels worth around $3.6 billion, well past its FY2022 target of $2 billion. Yangzijiang's orderbook has also been lifted to $10.27 billion, from $8.13 billion as of August 2022.


Yangzijiang is one of the largest private shipbuilders in China with yards in Jiangsu Province, along the Yangtze River.


It recently paved the way for its entry into the LNG carrier sector by landing a technical assistance and license agreement with French membrane containment system designer GTT. CSSC-affiliated Hudong-Zhonghua Shipbuilding is currently the country's top LNG carrier builder.


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Yangzijiang Shipbuilding gets US$2.5b orders for 22 newbuilds
Yangzijiang Shipbuilding gets US$2.5b orders for 22 newbuilds