- Yangzijiang Shipbuilding boasts an impressive order book.
- The company secured 97 newbuild orders amounting to $7.1 billion.
- Maritime decarbonization will serve as the primary growth driver for the industry in the mid-term.
Orderbook Expansion
Yangzijiang Shipbuilding boasts an impressive order book of $14.5 billion, comprising 182 units of vessels as of the close of 2023, reports EN Port News.
Robust Growth
The company secured 97 newbuild orders amounting to $7.1 billion in 2023 alone, ensuring earnings visibility up to 2027, as reported by Seatrade Maritime.
Industry Outlook
CEO and executive chairman Ren Letian highlights the optimistic global outlook for the shipbuilding sector. He attributes this positivity to the ongoing regulatory push for maritime decarbonization by various authorities.
Key Growth Driver
Letian emphasizes that maritime decarbonization will serve as the primary growth driver for the industry in the mid-term. He notes that ship operators are hastening their vessel replacement plans to sidestep potential financial repercussions from regulatory non-compliance.
Strategic Positioning
Letian underscores Yangzijiang Shipbuilding’s advantageous position to capitalize on this upward trajectory and support the industry’s transition. He cites the company’s robust technical capabilities as a key factor in this regard.
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Source: EN Port News
