Yangzijiang Shipbuilding says it has added 13 new shipbuilding contracts worth a total of $318m to its orderbook in the first quarter of 2017.
The 13 vessels are made up of five kamsarmax bulkers, five 62,000 dwt woodchip carriers, two 1,800 teu containerships (for Lomar Shipping) and a 6,500 dwt ConRo vessel.
Ren Yuanlin, executive chairman of Yangzijiang Shipbuilding, commented: “While the oversupply in global shipping and shipbuilding industries is still in a rebalancing process, we see signs of recovery in the second hand vessel market and the bulk carrier market. We remain cautiously optimistic on these developments.”
The Chinese yard said the new orders ensure optimal usage of yard facilities through 2018-2019, with the new vessels scheduled for delivery from 2018-2020.