Yangzijiang Shipbuilding Holdings has secured US$715 million ($961.8 million) worth of orders for the building and delivery of 14 vessels on June 23.
The new orders add on to its best year since 2008.
Year-to-date 2021, the group has received order wins for 89 vessels worth US$4.72 billion, the highest since 2008.
The group says it remains confident in securing more order wins amid the favourable market sentiment.
The latest orders – comprising a 9,150DWT chemical tanker, 29,800DWT self-loading bulk carrier, 2,400TEU containerships, 3,500TEU containerships, 11,800TEU containerships and 40,000 CBM LPG vessels – are scheduled for deliveries from 2022 to 2024.
The 40,000 CBM LPG carriers are the first batch won by the Mainboard-listed group. The orders were placed by a German shipowner.
Order wins for these carriers signify a breakthrough for the group in the clean energy vessels space.
They will be built by Yangzi-Mitsui Shipbuilding, the group’s joint venture arm.
“Yangzijiang’s clinching of its maiden batch of 40,000 CBM LPG carriers marks a breakthrough for the group and a recognition towards the group’s strengths in the design and building of cleanenergy vessels. I am pleased to see Yangzijiang record another milestone in the clean-energy space, shortly after announcing that we have recorded the largest order wins in terms of contract value since 2008,” says executive chairman and CEO Ren Letian.
“Yangzijiang remains fully committed towards sustainable development and will continue its relentless pursuit to ensure that we build relevant vessels with greater energy efficiency through investments and our continued emphasis on R&D. I am heartened to see that the group’s joint venture arm, Yangzi-Mitsui Shipbuilding, is well-positioned to develop further techniques and capabilities to build clean-energy vessels and remain confident that Yangzijiang will be part of the shipping industry’s positive shift towards environment protection.”
Shares in Yangzijiang closed 2 cents higher or 1.5% up at $1.38 on June 23.
