Corporate digest

Yangzijiang Shipbuilding

Yangzijiang has clinched a contract to build four 1,000-TEU container feeders worth a total of 392 million yuan (S$77.7 million), the mainboard-listed company announced on Thursday.

The orders for the four feeders, at 98 million yuan each, came from the Zhejiang Seaport Shipping Company. The design of the feeders will take into consideration the geographic conditions of several major ports in China's Zhejiang province. The feeders have a maximum loading capacity of 15,000 tons, reducing fuel consumption per unit.