shipbuilding contracts

SINGAPORE (June 12): OCBC Investment Research is upgrading its call on Yangzijiang Shipbuilding (YZJ) to “buy” from “hold” previously with a lower fair value estimate of $1.18 from $1.22 before.

SINGAPORE (Aug 12): Vard Holdings, a designer and shipbuilder of offshore and specialised vessels, has won a contract with French cruise company Ponant to build four luxury expedition cruise vessels for an undisclosed sum.