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Yangzijiang reveals order win for four VLOCs

China’s Yangzijiang Shipbuilding Group has revealed that it has won its largest ever bulk carriers order to build four 260,000 dwt VLOCs for an Australian mining firm.

Lee Hong Liang, Asia Correspondent

June 18, 2014

1 Min Read
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The order is believed to be for Australia's Fortescue, which had announced earlier that it has contracted the VLOCs at an unnamed Chinese yard.

Singapore-listed Yangzijiang said the newbuildings are expected to be delivered from 2016 to 2017, similar to the delivery period announced by Fortescue.

“The group has observed that shipowners are enhancing their focus on vessels’ operational efficiencies and as a result, the shipbuilding industry is experiencing a rise in demand for larger vessels that provides higher carrying capacity,” said Ren Yuanlin, executive chairman of Yangzijiang.

“The demand uptrend for these cost effective and higher efficiency vessels is in line with the group’s goal to scale the shipbuilding value chain,” Ren added.

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About the Author

Lee Hong Liang

Asia Correspondent

Singapore-based Lee Hong Liang provides a significant boost to daily coverage of the Asian shipping markets, as well as bringing with him an in-depth specialist knowledge of the bunkering markets.

Throughout Hong Liang’s 14-year career as a maritime journalist, he has reported ‘live’ news from conferences, conducted one-on-one interviews with top officials, and had the ability to write hard news and featured stories.

 

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