Yangzijiang seals nine new vessel orders in May

Yangzijiang seals nine new vessel orders in May

China’s Yangzijiang Shipbuilding has revealed it sealed orders for nine vessels worth $578m during the month of May.

The nine vessels are made up of five 12,000 teu containerships, two 208,000 dwt bulk carriers and two 82,000 dwt bulk carriers.

Ren Yuanlin, executive chairman of Yangzijiang Shipbuilding, commented, “With the steady recovery of oil prices and BDI stabilizing, sentiment on the shipbuilding market and the enquiry level remain healthy. We made good progress in both new order wins and vessel delivery in May.”

The nine vessels ordered are scheduled for deliver in 2020 and 2021, and so far this year the company has added 18 vessels to its orderbook.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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