119 vessels with over 100 billion new orders! China's largest privately-owned shipbuilding company reports good news again

Yangzijiang Shipbuilding, China's largest privately-owned shipbuilding company, has secured another major win 21 new vessel orders, pushing this year's total order value beyond 1000 billion yuan.

12 Month 2 Day, Yangzijiang Shipbuilding released an announcement stating that since 11 Month 7 Day, the company has successively received 21 new orders, with a total value of 26.3 US dollars (approximately RMB 191.67 yuan). These include 6 vessels LNG dual-fuel 17000TEU container ships, 6 methanol dual-fuel 13000TEU container ships, 4 vessels 39000 deadweight tonnage MR type oil tankers, 2 vessels 4300TEU container ships, and 3 vessels 45000 deadweight tonnage bulk carriers. These new vessels will primarily be delivered between 2027 year and 2029 year.

Yangzijiang Shipbuilding did not disclose the shipowners for these orders, but it is understood that among them 6 vessels 17000TEU dual-fuel container ship orders come from Maersk of Denmark. Previously, Maersk announced on 12 Month 2 Day that it had signed contracts with Chinese and South Korean shipyards for a total of 20 vessels LNG dual-fuel container ship orders, including 2 vessels 9000TEU and 6 vessels 17000TEU ships, as well as 6 vessels 15000TEU ships from New Times Shipbuilding and Hanwha Ocean in South Korea respectively.

Meanwhile, 6 methanol dual-fuel container ship orders come from ONE (Ocean Network Express) of Japan. ONE In the first half of this year, ONE methanol dual-fuel container ship orders were placed with Yangzijiang Shipbuilding and Jiangnan Shipyard respectively. This is 11 vessels 13000TEU the first time methanol dual-fuel vessels have been ordered, and it is also ONE the first new vessel order placed by ONE with a Chinese shipyard. ONE Previous introductions stated that in addition to the methanol dual-fuel design, this series of vessels will also adopt the most advanced technologies, such as optimized hull structure, waste heat recovery system and bow wind deflector (

ONE windshield ) etc. In addition, it will be equipped with an air lubrication system and shaft generator to help explore the potential for improving fuel efficiency and reducing greenhouse gas emissions. Two

container ship orders come from the Greek shipowner 4300TEU Euroseas Last month, disclosed this order in its third-quarter financial report. These two modern energy-efficient container ships will be built by Yangzi Xinfu and are expected to be delivered in Last month, the fourth quarter of the year, and will be named 2027 “ELENA” and “NIKITAS G” respectively. The cost of each new vessel is approximately million US dollars, with a total value of approximately 6000 billion yuan). 1.2 US dollars (approximately RMB 8.69 In addition to container ships, the

deadweight tonnage bulk carriers received by Yangzijiang Shipbuilding were ordered by the Bulgarian shipowner 3 vessels 45000 Navibulgar The company has listed these three new vessels on its official website, with hull numbers and will be delivered in The company has listed these three new vessels on its official website, with hull numbers year. In addition, the company has also ordered YZJ2024-1657、1658 and 1669 deadweight tonnage bulk carriers from Yangzijiang Shipbuilding, with hull numbers 2027 to be delivered in 3 vessels 32000 year. YZJ2044-1631、1632 and 1633 deadweight tonnage bulk carriers from Yangzijiang Shipbuilding, with hull numbers 2026 Including the above

new vessel orders, Yangzijiang Shipbuilding has undertaken a total of 21 orders this year, with a total value of up to 119 billion yuan), equivalent to 142.7 US dollars (approximately RMB 1039.98 of the annual order target of 45 US dollars. 317% In terms of value, Yangzijiang Shipbuilding's order intake this year has exceeded the annual level of the past 4 years, setting a new historical high.

The surge in Yangzijiang Shipbuilding's order intake this year stems from strong demand for dual-fuel container ships, tankers, and LPG carriers. Among the 119 new vessel orders received by Yangzijiang Shipbuilding this year, container ships account for 68 vessels; except for 5 vessels 8000TEU and 2 vessels 4300TEU container ships using conventional fuel, the remaining 61 vessels are all dual-fuel vessels, including 6 vessels 9000TEU and 17 vessels 13000TEU methanol dual-fuel vessels, and 10 vessels 9000TEU and 28 vessels 17000TEU dual-fuel LNG powered vessels.

In addition, Yangzijiang Shipbuilding has also received 25 tanker orders, 16 LPG carrier orders, and 10 bulk carrier orders this year. It is worth mentioning that this year's LPG carrier order intake is also much higher than in previous years, especially this year Yangzijiang Shipbuilding successfully received its first very large ethane carrier ( VLEC ）orders and the first ultra-large ammonia carrier（ VLAC ）orders, becoming the first private shipyard in China to build ultra-large liquefied gas carriers.

Among the 16 liquefied gas carrier orders 5 vessels 10 cubic meters VLEC 、4 vessels 88000 cubic meters VLAC and 3 vessels 25000 cubic meters, 2 vessels 40000 cubic meters and 2 vessels 48000 cubic meters medium-sized LPG ships. Among them, 5 vessels VLEC orders came from Singapore's Xinpu Chemical ( SP Chemicals ), which is the world's largest; VLEC ; in addition, 4 vessels VLAC orders came from the Japanese shipping giant Nissen Kaiun ( Nissen Kaiun ).

According to Yangtze River Shipbuilding's previous 11 Month 7 release on 2024 the third-quarter operating performance report for the year, as of that day, Yangtze River Shipbuilding Group's backlog of orders had reached 224 vessels 861 ten thousand CGT ，total value 221.4 US dollars (approximately RMB 1581.13 billion yuan), compared to 2023 at the end of the year 144.8 US dollars growth 53% ，setting a new historical high. Green ships account for approximately 75% of the total value of the backlog of orders, with container ships still being the most dominant ship type.

Yangtze River Shipbuilding's current backlog of orders includes container ships 95 vessels 546 ten thousand CGT ，total value 149.8 US dollars; tankers 64 vessels 169 ten thousand CGT ，total value 31.3 US dollars; bulk carriers 38 vessels 78 ten thousand CGT ，total value 15.7 US dollars; liquefied gas carriers ( LEG ships /LPG ships /VLAC/VLEC ) 27 vessels 68 ten thousand CGT ，total value 24.6 US dollars. These new ships will be delivered in 2024 year and 2029 year.