SINGAPORE (Sept 4): Yangzijiang Shipbuilding, the China-based shipbuilding group, has entered into a new order agreement on the building of another five new vessels, including three 82,000dwt bulk carriers and two 325,000dwt bulk carriers.
One of the orders for the 82,000dwt bulk carriers was placed by Kambara Kisen. The bulk carriers will be built at the group’s Taicang yard, where Jiangsu Yangzi-Mitsui Shipbuilding is based at.
The two 325,000dwt bulk carriers are for a customer from Asia.
These new order wins come on the back of two other order win for 325,000dwt bulk carriers that the group has previously announced on Aug 23.
Ren Letian, CEO of Yangzijiang, says, “As shipowners gradually firm up their plan on how to cope with the IMO2020 emission rules, we saw a surge in enquiries for the building of new vessels. We have successfully turned several of these enquiries into new orders, including orders from Japanese shipowners who are well-known for their high standard on quality. This proved customers’ deep trust in Yangzijiang’s strong management team, stable operations and solid track record in building large, complex, quality and efficient vessels.”
“We are also working on the negotiations of other potential orders. As market sentiment recovers, Yangzijiang is in an advantageous position to ride the momentum and build up our order book,” Ren adds.
See: Yangzijiang confirms executive chairman Ren Yuanlin 'assisting' in investigation by Chinese authorities
Shares in Yangzijiang closed 3.87% higher on Wednesday at 94 cents.
