Yangzijiang Shipbuilding wins 22 contracts, order book at record high of $14.67 billion
In a statement update on its contracts , the Straits Times Index component shipbuilder said the 22 new orders would bring total orders secured in the year to date to 40 vessels, with a total value of US$3.6 billion, exceeding its financial year 2022 target of US$2 billion.
The orders clinched recently comprise four 32,000 deadweight tonne (DWT) bulk carriers, six 66,000 DWT bulk carriers and twelve 16,000 twenty-foot equivalent unit liquefied natural gas dual-fuel container ships.
Mr Ren Letian, chief executive of Yangzijiang Shipbuilding, said: “The stricter environmental regulations in recent years have given rise to a growing demand for green vessels and we are poised to be a beneficiary of this growth.”
Yangzijiang Shipbuilding noted that it has delivered 51 vessels in total as at end-September, It is therefore on track to achieve its financial year 2022 delivery target of 70 vessels.
It is noteworthy Chairman of Yangzijiang Shipbuilding, one of China’s largest shipyards. Ren has been with the company since the 1970s when it was known as Jiangyin Shipbuilding Factory.Forbis reported
He moved to become head of the ship body workshop. By the mid-1980s, when Jiangyin Shipbuilding Factory was changed to Jiangsu Yangzijiang Shipbuilding Factory, he had become a factory supervisor.
From 1997, Ren has been chairman of the company, whose shares now trade in Singapore and, following a 2010 offering, in Taiwan. He received an economics degree from Jiangsu Television Broadcasting University in 1986. Ren enjoys swimming and table tennis. He has applied for Hong Kong abode.
