Chinese shipbuilding group Yangzijiang has secured a contract worth USD 1.15 bn despite COVID-19 outbreak, reports Safety4Sea.
What is in the contract?
Chinese shipbuilding group Yangzijiang has secured a contract to build up to 10 vessels worth a total of USD 1.15 billion for Hong Kong-based container shipping firm Tiger Group.
- Under the contract, Yangzijiang will initially build two dual-fuel container ships with a capacity of 14,000 TEU.
- There is an option for eight more vessels at $115 million per hull, making a total contract value of $1.15 billion.
The two vessels are expected for delivery from mid-2022.
Yangzijiang’s start for 2020
According to the group’s CEO Ren Letian, the deal is among Yangzijiang’s largest orders in value.
He said that these new orders mark an encouraging start for Yangzijiang for 2020 amid the coronavirus pandemic. “we will prepare for the worst but hope for the best”.
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