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Yangzijiang Shipbuilding Ltd News

18 Apr 2012

Yangzijiang to Benefit From Ship Orders: Merrill Lynch

Bank of America-Merrill Lynch said that it sees Yangzijiang Shipbuilding Ltd. benefiting from potential orders after a revival of interest from container shipping firms in larger vessels. The broker’s outlook came after reports that Taiwan's Evergreen, the world's sixth-largest container shipping firm, ordered 10 vessels with a capacity of 13,800 twenty-foot containers (TEU) each. "Evergreen Marine decided to lease ten 13,800-TEU container ships from Korea Infrastructure Investments Asset Management Co (KIIMA). KIIMA will place new build orders with Hyundai Heavy," the broker said in a report. Merrill has a buy rating on Yangzijiang's stock with a target price of S$2.12.

18 Apr 2012

Shipbuilding in China – Yangzijiang to Benefit from Orders

Resurgent interest in construction of giant container ships likely to benefit Chinese shipbuilder Bank of America-Merrill Lynch, as reported by Reuters America Latina news, said it sees China-based Yangzijiang Shipbuilding Ltd benefiting from potential orders after a revival of interest from container shipping firms in bigger vessels, . Reports indicate that Taiwan's Evergreen, the world's sixth-largest container shipping firm, ordered 10 vessels with a capacity of 13,800 twenty-foot containers (TEU) each. Last year, the world's largest container shipping company, Maersk Line, ordered 10 18,000 TEU ships and later exercised the option for another 10, sparking others like Singapore's Neptune Orient Lines Ltd to increase their fleet.

09 Mar 2012

Carisbrooke Shipping Chooses Thordon Bearings

 Vectis Eagle, an 8500 dwt multi-purpose dry cargo vessel.

Eco-conscious Carisbrooke opts for seawater lubricated propeller shaft bearings on latest newbuildings. The Vectis Eagle, an 8500 dwt multi-purpose dry cargo vessel, is Carisbrooke Shipping’s latest newbuild and first of their fleet to be fitted with Thordon COMPAC seawater lubricated propeller shaft bearings. The Finnish/Swedish 1A Ice-Class vessel launched in September 2011 and is currently carrying out its maiden voyage through the Panama Canal travelling from China to Haiti and Brazil.

20 Sep 2011

Chinese Yard Launches SUPER GREEN 8500 for Carisbrooke

On Monday September 26, the Chinese shipyard Jiangsu Yangzijiang Shipbuilding Ltd. will launch Yno YZJ2010-931, the first vessel of the ‘SUPER GREEN 8500’ type for Carisbrooke Shipping. With this vessel the yard is the first Chinese shipyard launching a vessel with a Groot Cross-Bow®. Despite the economical difficult times more vessels with a Groot Cross-Bow® are under construction at the moment. The Dutch naval architect, Groot Ship Design, designed for Dutch / British Carisbrooke Shipping an innovating multipurpose cargo vessel, the 8500 dwt ‘SUPER GREEN 8500’.