China’s Yangzijiang Shipbuilding has established a non-state-owned investment holding firm in Jiangsu province to provide the group with an alternative source of income, amid the tough shipbuilding market.

The consolidation of China’s shipbuilding sector is continuing apace as bottom-rung yards exited the business amid the market recession, and by 2020 China could be left with less than 10 shipyards, according to Ren Yuanlin, executive chairman of...

Yangzijiang Shipbuilding reported a 37% drop in first quarter profits, but has continued grow its orderbook.

China’s privately-owned Yangzijiang Shipbuilding has signed a deal in Beijing with ICBC Financial Leasing to construct six 400,000 dwt VLOCs worth a total of $510m.

China’s privately-owned Yangzijiang Shipbuilding has remained profitable in 2015 despite the severe downturn in the shipbuilding industry, though earnings fell compared to 2014.

Privately-owned Yangzijiang Shipbuilding has confirmed 12 new shipbuilding orders worth a total of $730m, including its first VLGC order for two units of 84,000 cu m gas carriers.

China’s shipbuilding industry is expected to be left with a handful of 30 shipbuilding enterprises with demand for yard facilities not exceeding 60m dwt by end-2015, according to Ren Yuanlin, executive chairman of Yangzijiang Shipbuilding.

China’s Yangzijiang Shipbuilding and Taiwan’s state-owned CSBC Corp have entered into a strategic cooperation in a bid to jointly compete for newbuilding orders.

With the continuing recession in shipbuilding and losses recorded at some of the world’s leading shipyards, the strategy to avert business failure is to not accept unprofitable newbuilding contracts, according to Ren Yuanlin, executive chairman at...

The state of the global shipbuilding industry has dived to rock-bottom since the sector’s recession started in 2010, but a rebound from this lowest point is not in sight and will not be easy, according to Ren Yuanlin, executive chairman of...