Yangzijiang enters products sector with Bangladeshi order

Yangzijiang enters products sector with Bangladeshi order

While other Chinese shipyards are struggling to get orders, the nation’s top private shipbuilder continues to net new intakes. Yangzijiang Shipbuilding has won its first orders for MR product tankers – its affiliate Jiangsu New Yangzi Shipbuilding signing a contract for a pair of ships with Bangladesh Shipping Co (BSC).

No price has been revealed for the vessels which will deliver in 2019 and are understood to have been fixed with significant financing from China. BSC has set about a significant fleet renewal programme of late.

Earlier this week Splash reported Singapore’s Pacific International Lines (PIL) had ordered a further eight 11,800 teu containerships at Yangzijiang for delivery in 2018.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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