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Yangzijiang Shipbuilding clinches new orders worth US$102m


CHINA's Yangzijiang Shipbuilding announced it has secured new shipbuilding orders for four vessels worth about SGD141.95 million (US$102 million) in total, according to the Singapore Business Review.

The orders include two LNG-tank carriers and two 56,000DWT bulk carriers, bringing the total of orders to SGD719.41 million this year.

Hong Kong's Tiger Gas placed the orders for the two LNG-tank carriers, with the options for eight more such vessels. The vessels will be jointly designed by the two companies and will be fitted with dual-fuel engines, capable of carrying heavy-lift cargo for both Yangtze River and ocean going. The first vessel is scheduled to be delivered in early 2022.

The orders for the two 56,000DWT bulk carriers were placed by ship owner Shanghai Ganglu Shipping to be used in the transportation of domestic trade in China. These will be designed by Shanghai Merchant Ship Design & Research Institute and are scheduled to be delivered by March 2022.

Yangzijiang Shipbuilding's executive chairman and CEO Ren Letian note that the development of this new generation of vessels will also help the company grow its R&D capabilities with a focus on 'green' features.

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