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Yangzijiang clinches 28 shipbuilding deals worth US$915m
By Ephraim Seow | Posted: 30 August 2010 2003 hrs

 
 
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SINGAPORE : Mainboard-listed Yangzijiang Shipbuilding has entered into 28 shipbuilding contracts with a total value of about US$915 million since July 1.

The orders are for containerships and dry bulk carriers, which will be scheduled for deliveries from year 2011 to 2013.

Out of the 28 contracts, 5 contracts worth about US$127 million have been factored into the order book after receiving initial deposits from the ship-owners.

Another 15 contracts with the value of some US$490 million will be effective upon receiving the initial deposits from the ship-owners.

The remaining 8 contracts worth about US$$298 million are options to be exercised by the ship-owners.

The China-based group said these new contracts will not have a significant impact on its earnings for the financial year ending 31 December 2010.

Yangzijiang added that since July 1, it has successfully delivered 13 more vessels.

It said, in total, the group has delivered 35 vessels so far in 2010 and will deliver 13 more vessels as per scheduled for the rest of the year. - CNA /ls

 


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