In the global race to enable a greener maritime indutry, the group’s order-win strategies have steadily shifted to alternative and dual-fuel vessels. As at the end of 2022, 27% of Yangzijiang’s orders are eco-friendly vessels compared to 15% in 2021.
“2022 was a remarkable year for Yangzijiang Shipbuilding as we delivered record numbers post the spin-off of our investment segment. Our shipyard has hit new levels of operational efficiency with the yard delivering 71 vessels during the year. In addition, our R&D team has expanded our capability to build more sophisticated and greener vessels.” said Ren Letian, ceo of Yangzijiang.
The group will continue to be selective on new orders and target higher value-added vessels to strengthen its long-term profitability, according to Yangzijiang. In addition, it is converting the existing chemical terminal located on the shore of Yangtze river to an LNG terminal with LNG storage and distribution infrastructure. The new initiative is expected to diversify its revenue streams across the maritime value chain through the provision of LNG terminal services, LNG storage and distribution, and strengthening the collaborations with LNG shipping liners and traders.
Yangzijiang’s total orderbook stands at $11.03bn for 149 vessels, further extending its revenue visibility to the end of 2025.
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