Yangzijiang bags US$1.15b shipbuilding deal

Singapore

MAINBOARD-LISTED Yangzijiang Shipbuilding has inked a new US$1.15 billion shipbuilding contract for up to 10 vessels.

These orders for dual-fuel 14,000 TEU (20-foot equivalent unit) container ships have a contract value of US$115 million each, said Yangzijiang in a regulatory filing on Monday. Two of these vessels are firm orders, while the remaining eight are options. They are scheduled to be delivered from mid-2022.