Shipbuilding in China – Yangzijiang to Benefit from Orders

Reuters America Latina
Wednesday, April 18, 2012

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.

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