Yangzijiang Shipbuilding closes 13 new contracts in first quarter

Yangzijiang Shipbuilding closes 13 new contracts in first quarter

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.

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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