Yangzijiang adds orders for nine ships worth $578m in May

Date: Tuesday, June 5, 2018
Source: Seatrade Maritime News

Yangzijiang Shipbuilding is keeping up its steady pace of order building, taking in new orders for nine vessels worth a total of $578m in May alone.

The orders include two 82,000dwt dry bulk carriers, two 208,000dwt dry bulkers and five 12,000teu containerships, all scheduled for delivery between 2020 and 2021. Together with $268m in new orders secured in the first four months of the year, as at end-May, the group has secured new orders for 18 vessels, worth $846m, Yangzijiang added.

In April and May 2018, the Group delivered 18 vessels in total, including two 400,000dwt Very Large Ore Carriers (VLOC), five 82,000dwt dry bulkers, three 11,800teu containerships and five 10,000teu containerships. These include the first two of ICBC Leasing’s six-VLOC order and the last of Seaspan’s 25-vessel order for 10,000 teu containerships.

Executive chairman Ren Yuanlin said: “With the steady recovery of oil prices and BDI stabilizing, sentiment on the shipbuilding market and the enquiry level remain healthy. We made good progress in both new order wins and vessel delivery in May.”

Read More: Yangzijiang confirms order for six VLOCs from ICBC Leasing

He noted: “It’s Yangzijiang’s long practice to be mindful of both orderbook quantity and quality. The order wins proved to the market again that as a strong shipbuilding group, we can build up our order book at a healthy pace while maintaining good order book quality in terms of vessel types, customer profile and margin. We are making good progress on maintaining a heathy size of order book, while vessels are being delivered.”

He pointed out that In April and May, Yangzijiang delivered several large containerships and dry bulkers which have received very encouraging feedback from shipowners.

The group currently has an outstanding order book of $4.1bn for 115 vessels, which will keep the group’s yards busy till 2020.

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