Yangzijiang clinches orders for five bulkers

Yangzijiang clinches orders for five bulkers

Singapore-listed Chinese shipyard Yangzijiang Shipbuilding has secured newbuilding orders for the construction of five bulk carriers, made up of two 325,000 dwt VLOCs and three 82,000 dwt kamsarmaxes.

Japanese owner Kambara Kisen is behind the order for the three kamsarmaxes, to be built at the group’s Taicang yard where Jiangsu Yangzi-Mitsui Shipbuilding is based.

The order for the two 325,000 dwt VLOCs was awarded by an unnamed Asian owner, believed to be part of Brazilian miner Vale’s long-term charter program.

With this latest order, Yangzijiang has secured new orders for seven vessels in total in the past 30 days worth a total of $395m.

In August, South Korea ship investment firm Kmarin (Kukje Maritime) placed orders at two Chinese yards for four 325,000 dwt bulk carriers for long-term charter to Brazilian miner Vale. Two ships will be built by Yangzijiang and the other two by Qingdao Beihai Shipbuilding.

“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,” commented Ren Letian, CEO of Yangzijiang.

According to Ren, the shipyard is also working on the negotiations of other potential orders.

Ren Letian assumed the chairman role last month, after his father Ren Yuanlin took a leave of absence to help authorities in China with an unspecified confidential investigation.

 

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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