Yangzijiang Secures Newbuild Contract Worth US$350m

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Yangzijiang Shipbuilding (Holdings) has bagged contracts to build two 24,000TEU containerships and two 690FEU deck carriers, reports the Edge Singapore.

The contracts, which are worth a total of about US$350 million ($464.7 million), have raised the China-based company’s year-to-date order wins to 53 vessels worth about US$1.77 billion.

Decent even for the challenging year

Ren Letian, executive chairman and CEO of Yangzijiang, says he considers the total new order wins as “decent even for a normal year,” in addition to the “many challenges” faced during the year.

We are pleased to wrap up 2020 with such achievements,” he says in a December 29 filing. Yangzijiang ended down 1 cent or 1.1% at 93.5 cents with 14.9 million shares changed hands on December 29.

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Source: The Edge Singapore