LNG carrier

LNG vessels begin to reroute away from Red Sea on rising tension - THE EDGE SINGAPORE

Oil & Gas

LNG vessels begin to reroute away from Red Sea on rising tension

At least five ships have changed course since Friday away from waters off the coast of Yemen.

Broker's Calls

UOB Kay Hian upgrades Yangzijiang to 'buy' as stock’s risk-reward looks attractive

Analyst Adrian Loh has upgraded Yangzijiang Shipbuilding to “buy”, with an unchanged TP of $1.55.

Broker's Calls

Yangzijiang’s share price weakness at the start of 2023 presents 'buying opportunity': DBS

Analyst Ho Pei Hwa has reiterated her “buy” call for Yangzijiang Shipbuilding with a TP of $1.70.

Contracts

Yangzijiang Shipbuilding clinches first order for LNG carriers, bringing order book to all-time high

The group’s order book now stands at above US$10 billion.
Yangzijiang obtains GTT technology membrane license, making 'inroads' to LNG carrier market - THE EDGE SINGAPORE

Corporate moves

Yangzijiang obtains GTT technology membrane license, making 'inroads' to LNG carrier market

YZJ received the GTT license in “record time”, despite delays due to the Covid-19 restrictions in China.

Contracts

Yangzijiang signs new orders worth US$1.58 bil; marks record orderbook of US$8.74 bil

The group says it remains confident in securing more order wins amid continued favourable market sentiments.
Pan Ocean secures US$55 mil time charter contract for LNG bunkering vessel from Shell - THE EDGE SINGAPORE

Contracts

Pan Ocean secures US$55 mil time charter contract for LNG bunkering vessel from Shell

The contract will start from May 2023 and includes two extension options.
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