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Higher-value vessels to tide Yangzijiang over downturn

Chinese shipping group goes for specialised vessels in niche markets in bid to keep itself on an even keel

Singapore

YANGZIJIANG Shipbuilding Holdings is aiming to keep itself on an even keel amid a continued industry downturn by taking on higher-value orders for specialised vessels in niche markets, says its executive chairman Ren Yuanlin.

Mr Ren told BT that the Singapore-listed Chinese shipbuilding group has benefited from a steady stream of commercial shipbuilding orders backed by new international regulations coming into force from 2016.

International Maritime Organisation has outlined measures including...

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