Yangzijiang Shipbuilding lands orders for five vessels

Singapore port and Sentosa islandSingapore port and Sentosa island

Yangzijiang Shipbuilding landed orders for five vessels from Asian shipowners, with the contracts including three 82,000 DWT bulk carriers and two 325,000 DWT bulk carriers, the Chinese shipbuilder said in a filing to SGX Wednesday.

Japan-based Kambara Kisen ordered one of the 82,000 DWT bulk carriers, the filing said, adding the customer also has its own shipbuilding company under Tsuneishi Holdings Corp.

The customer for the two 325,000 DWT bulk carriers is also based in Asia, the filing said.

“As ship owners gradually firm up their plan on how to cope with the IMO2020 emission rules, we saw a surge in enquiries for the building of new vessels. We have successfully turned several of these enquiries into new orders, including orders from Japanese shipowners,” Ren Letian, CEO of Yangzijiang, said in the statement.

“We are also working on the negotiations of other potential orders. As market sentiment recovers, Yangzijiang is in an advantageous position to ride the momentum and build up our order book,” he added.

Combined with an order announced in August for two 325,000 DWT bulk carriers, the shipbuilder has signed new contracts for seven vessels valued at US$395 million so far in the third quarter, Yangzijiang said.

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