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Yangzijiang inks order for four feeders worth $55m

China’s Yangzijiang Shipbuilding has secured new shipbuilding contracts for four 1,000-teu container feeders worth a total of RMB392m ($54.8m).

The order was placed by Zhejiang Seaport Shipping Company, a unit of Zhejiang Seaport Group & Ningbo Zhoushan Port Group of China.

Yangzijiang said the design of the feeder vessels will take into consideration the water and shape conditions of several major ports in Zhejiang province, and will give priority to loading capacity over speed.

With maximum loading capacity of 15,000 tonnes, the 1,000-teu feeders can significantly reduce fuel consumption per unit.

“Despite the lack of visibility in the market due to the COVID-19 situation, Yangzijiang has continued to talk to prospective customers and make encouraging progress,” commented Ren Letian, executive chairman and ceo of Singapore-listed Yangzijiang.

“This batch of orders will expand our customer base of China SOE customers. The feeder market is a unique niche market where the demand in China is relatively more resilient,” Ren added.

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