Yangzijiang Shipbuilding has won a $ 880 million container ship contract from Greathorse Tiger, a subsidiary of Tiger Group.
Yangzijiang Shipbuilding has received orders for 2 + 6 14000TEU dual fuel container ships. The new ships will be equipped with B-type tanks, powered by liquefied natural gas. The cost of a single ship is about US $110 million, which is expected to be delivered in 2022.
Tiger Group is a Hong Kong shipping investment company controlled by Canadian investors Graham Porter and Gerry Wang. The company's fleet has 31 vessels, including 14 bulk carriers, 14 chemical tankers and 3 feeder container vessels.
Despite the challenging market environment, Yangzijiang Shipbuilding remained profitable in 2019. The company's total revenue in 2019 was 23.597 billion yuan, with net profit attributable to shareholders of 3.07 billion yuan.
In 2019, Yangzijiang Shipbuilding received orders for 21 new ships worth $830m. It consists of 7 82,000 DWT bulk carriers, 4 31,800 DWT lake bulk carriers and 4 325,000 DWT bulk carriers, 1 29,800 DWT self-unloaded vessel, 2 83,500 DWT chemical combination vessels, 1 157,000 DWT tanker and 2 13,000 DWT dual-fuel chemical tankers.
Since the beginning of 2020, Yangzijiang Shipbuilding has won four new shipbuilding contracts worth US $ 104 million (about 722 million yuan).
Source:Sarah Yu,XINDE MARINE NEWS
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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