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Yangzijiang win US$1.15 billion order for ten 14,000-TEUers

SINGAPORE listed Yangzijiang Shipbuilding has signed a new US$1

22 March 2020 - 19:00

SINGAPORE listed Yangzijiang Shipbuilding has signed a new US$1.15 billion deal to build ten 14,000-TEU ships for New York financial services company Tiger Group, reports Singapore's Business Times.

Yangzijiang, based in Jingjiang, Taizhou, China. said it will see its yard facilities will now utilised at 'a healthy rate' and have 'a stable revenue stream' for at least two years.



'These new orders mark an encouraging start for Yangzijiang in 2020. Amid the coronavirus outbreak, we will prepare for the worst, but hope for the best,' said CEO Ren Letian.



'We appreciate our customer Tiger Group's trust and support, with such a sizable order with Yangzijiang at a challenging time for both the industry and the world as it tackles the coronavirus outbreak,' he said.


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