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Yangzijiang Shipbuilding Wins Orders for Two 325,000 dwt Bulkers

Singapore-listed Yangzijiang Shipbuilding has secured new shipbuilding orders for two 325,000 dwt bulk carriers.

The Chinese shipbuilder noted that the new orders were received from an Asia-based shipowner, without revealing further details.

The new bulk carriers will be built by the group’s Xinfu shipyard. The new units are scheduled to be handed over to their owners by June 2021.

“The shipbuilding industry globally remains challenging with trade war concerns, declining orders, and fierce competition. In midst of this, it is very encouraging to see order flow for Yangzijiang as we secured the two new bulk carrier orders,” Ren Letian, Chief Executive Officer of the group, commented.

Additionally, Letian said that the group, together with its partner Mitsui, achieved “a significant milestone” on August 19 with its first semi-submerged ship launching for an 82,000 dwt vessel from the Taicang yard.

“This unique way of launching a vessel uses a floating dock rather than the traditional way of launching a vessel through a slipway or dry dock and with this technology the vessels don’t require to be built only in docks.

“With the first vessel built and launched by us without using a dock, we are scaling up in our capability for building of LNG vessels at our Taicang yard.”

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