Yangzijiang Shipbuilding bags $1.63b vessel contract

The 10 containerships are scheduled to be delivered from 2022.

Mainboard-listed Yangzijiang Shipbuilding has inked a new shipbuilding contract to build up to 10 vessels worth $1.63b (US$1.15b) for Hong Kong-based maritime investment firm Tiger Group, according to a press release.

The 10 dual-fuel 14,000TEU containerships have a contract value of $163.28m (US$115m) each. Two of the vessels are firm orders whilst the remaining eight are options. These vessels are scheduled to be delivered from mid-2022.

This deal is considered to be amongst Yangzijiang’s largest orders in value, according to the group’s CEO Ren Letian. With these orders, the group expects to have a stable revenue stream for at least the next two years.