Yangzijiang books record $6.7bn newbuild orders in H1

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Singapore-listed Chinese shipyard Yangzijiang Shipbuilding reported a record high for new orders of $6.67bn in the first half of 2021. The shipbuilder also reported 39% growth in earnings of $253m.

As of early August, the group has achieved an unparalleled outstanding orderbook of $8.65bn for 167 vessels after inking record-high order wins year to date in 2021 for 112 vessels and total contract value of $6.67bn. Ren Letianceo of Yangzijiang Shipbuilding said, “in 2021, there were significant breakthroughs for the group as we secured our first batch of 40,000 cu m LPG vessels and LNG dual-fuel 7,000teu containerships, both of which are unprecedented in the group’s shipbuilding history. This represents the group’s commitment towards environmental sustainability and we look to further solidify our competitive advantages in the LNG market and play our part against climate change.”

The shipyard remains confident that it can capture further market share within the clean energy sector as more shipowners look to purchase similar vessels to ensure functionality and relevance of their new-builds in the future.

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