China’s Yangzijiang Shipbuilding has clinched new orders to build five bulk carriers for Asian shipowners, bringing the shipbuilder’s value of new order contracts to a total of $395m.

Yangzijiang Shipbuilding’s executive chairman Ren Yuanlin has taken a leave of absence to assist Chinese authorities in a “confidential investigation”, the company stated.

Japan's Mitsui E&S Shipbuilding says Jiangsu Yangzi-Mitsui Shipbuilding, its the shipbuilding jv with China’s Yangzijiang Shipbuilding, commenced business operations in Taicang, Jiangsu province.

Chinese shipbuilder Yangzijiang Shipbuilding has diversified into terminal ownership after it acquired a 55% equity interest in Odfjell Terminals (Jiangyin) Company for approximately $46.23m.The asset offload by Norwegian firm Odfjell is due to...

Yangzijiang Shipbuilding, along with three other compatriots, is venturing into the mining industry with a planned total investment of RMB2.5bn ($360m).

China’s Yangzijiang Shipbuilding has stayed profitable amid the weak shipbuilding market, as it looks to healthy yard utilisation up to 2020 backed by an orderbook of 114 vessels valued at $4.1bn.

SITC Shipowner has ordered three container vessels of 2,700 teu each at Yangzijiang Shipbuilding at a total price of $87.9m.

It has been 10 years since the onset of the 2008 global financial crisis, which also marked the start of a prolonged downturn for China’s once bustling and sprawling shipbuilding sector. Ren Yuanlin, executive chairman of Yangzijiang Shipbuilding...

SITC has placed an order for two additional 2,400 teu containerships from Yangzijiang Shipbuilding for $29m each or a total of $58m.

Yangzijiang Shipbuilding is keeping up its steady pace of order building, taking in new orders for nine vessels worth a total of $578m in May alone.