Shipbuilding: Yangzijiang bags 13 New Orders
China's Yangzijiang Shipbuilding has entered into 13 shipbuilding orders in the fourth quarter of 2014, of which nine were effective orders with a total contract value of US$388 million, brining total orders for 2014 to a record US$1.8 billion
Singapore-listed Chinese shipbuilder Yangzijiang Shipbuilding (Holdings) announced that it had entered into 13 new shipbuilding orders in the fourth quarter of last year, comprising nine effective orders with a total contract value worth of US$388 million and four new options with an aggregate value of US$122 million, says a report in Business Times.
These include two units of 10,000 twenty-foot equivalent units (TEU) exercised from existing options and seven new shipbuilding contracts consisting of four units of 36,500 deadweight tonnage (dwt) bulk carriers, two units of 2,700 TEU containerships and one unit of 64,000 dwt bulk carrier.
The four remaining orders were new options with an aggregate value of US$122 million for two units of 36,500dwt bulk carriers and two units of 2,700 TEU containerships.
The contracts secured in the fourth quarter are scheduled for deliveries in year 2015 to 2017 and therefore do not have any significant impact on group earnings for the financial year ended 31 December 2014.
These new orders bring Yangzijiang's total effective shipbuilding contracts in 2014 to 41, with an aggregate value of S$1.8 billion.
