Yangzijiang seals 10 boxship shipbuilding contracts with an unnamed Japanese owner for the construction, reports Splash 247.
Vessel contracts
Singapore-listed Chinese private shipbuilder Yangzijiang Shipbuilding has sealed shipbuilding contracts with an unnamed Japanese owner for the construction of up to ten 3,500 teu boxships.
The contracts are made up of firm orders for five vessels and options for another five vessels.
Total contract value
If the options are all exercised, the total value of the contract could reach $396m. The firm vessels will deliver from November 2022.
Reports say, it is a joint venture between Nissen Kaiun and Mitsui & Co who has placed the order, with the ships set to go on charter to Maersk, the world’s largest containerline.
This latest order has brought Yangzijiang’s total secured orders to 34 vessels this year, worth a total value of $1.03bn.
Ren Letian, CEO of Yangzijiang Shipbuilding, “Our year-to-date new order wins of over $1bn is more than that for the whole year 2019.”
This is a remarkable achievement after the 50% decline in global new shipbuilding orders due to a depressed market.
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Source: Splash 247
