Yangzijiang obtains two new orders for 325,000 DWT bulk carriers

Yangzijiang Shipbuilding obtained new orders for two 325,000 DWT bulk carriers from a shipowner based in Asia, the Chinese shipbuilder said in a filing to SGX Friday.

The new bulk carriers will be built in the Xinfu shipyard and delivery is expected by June 2021, Yangzijiang said.

“The shipbuilding industry globally remains challenging with trade war concerns, declining orders, and fierce competition. In midst of this, it is very encouraging to see order flow for Yangzijiang as we secured the two new bulk carrier orders,” Ren Letian, CEO of Yangzijiang, said in the statement.

“We would like to sincerely thank our clients for their unwavering support in Yangzijiang as we always endeavour to provide quality, technologically advanced and sophisticated vessels to our customers. These new order wins further proved our strong market position in building large sized vessels,” Ren added.

He also noted that earlier this week, Yangzijiang did its first semi-submerged ship launch with partner Mitsui for an 82,000 DWT vessel; the new launch method uses a floating dock rather than a slipway or dry dock, he said.

“This method of building and launching of vessels also has the advantages of improving shipbuilding efficiency, increasing output without having the limitations of dock capacity, reducing investment costs and enhancing capacity quickly,” Ren said, adding the shipbuilder planned to continue investing in research and development.