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Yangzijiang Shipbuilding clinches new orders worth US$5.6 bil ytd, bringing total to US$14.6 bil

Khairani Afifi Noordin
Khairani Afifi Noordin • 2 min read
Yangzijiang Shipbuilding clinches new orders worth US$5.6 bil ytd, bringing total to US$14.6 bil
The six vessels will be fully constructed in-house. Photo: Yangzijiang Shipbuilding
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Yangzijiang Shipbuilding BS6

has won new orders worth US$5.6 billion year to date, bringing its order book to a record of US$14.6 billion, according to the company on June 26.

The most recent contract won was one from A.P. Moller – Maers, to build six 9,000TEU methanol dual-fuel containerships - marking Yangzijiang's maiden order for such vessels. Industry publication Tradewinds, citing unnamed sources, says that the order is worth US$1.15 billion.

The six vessels will be fully constructed in-house, due for delivery between 2026 and 2027.

Yangzijiang Shipbuilding executive chairman and CEO Ren Letian says the vessels will strategically replace the current capacity within Maersk's fleet. This is in line with Yangzijiang Shipbuilding’s ongoing efforts to support the maritime industry’s green fleet renewal trend.

“Following the regulatory changes by the International Maritime Organisation, the shipping industry is on an accelerated decarbonisation trajectory. On that basis, we are optimistic in gaining further grounds in the near term,” he adds.

Other recently won contracts include an order to build three combination carriers for a Norwegian company, announced on June 25.

See also: Sembcorp receives LOA for 300MW wind-solar hybrid power project in India

According to the customer, Klaveness Combination Carriers, in its May 23 announcement to the Oslo exchange, the contract price of each vessel is US$56.4 million, while the estimated delivered cost including, amongst others, zero-emission readiness and costs for shipyard supervision team is approximately US$60.5 million per vessel.

Shares in Yangzijiang Shipbuilding closed 7 cents higher or 5.46% up on June 26 at $1.35.

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