Yangzijiang Shipbuilding has confirmed a much talked-about order from Tiger Group Investments for up to ten 14,000TEU container ships.
China’s largest non-state-owned shipbuilder said in a Singapore Exchange filing that Tiger Group has placed firm orders for two vessels, with options for another eight ships. The dual-fuelled ships, with a unit price of US$115 million, will be delivered by mid-2022.
Tiger Group, whose chairman Graham Porter was one of the founders of Seaspan Corporation, is a tonnage provider to major liner operators.
The contract is welcome news to Yangzijiang as the Covid-19 outbreak batters the global economy.
Yangzijiang CEO Ren Letian said, “This batch of new orders bears several levels of significance. It is one of the largest orders in contract value in Yangzijiang’s history. We’re proud to be one of the very few shipbuilding companies in the world that are capable of building such large-size, dual-fuel vessels, which represent the industry’s increasing focus on environmental protection.
“These new orders mark an encouraging start for Yangzijiang for 2020. Amid the coronavirus outbreak, which now has been labelled a pandemic, we will prepare for the worst but hope for the best.”
MartinaLi
Asia Correspondent
