According to Seatrade Maritime, Yangzijiang Shipbuilding plans to expand its facilities, focusing on LNG and clean energy vessels.
The Singapore-listed Chinese shipbuilder plans to acquire 866,671 sq meters of land in Xinqiao Park of the Jingjiang Economic and Technological Development Zone in Jingjiang City to set up a base for clean energy vessel manufacturing, including LNG.
The land for the new project has 1,320 metres of shoreline on the Yangtze River and is located adjacent to the shipbuilder’s existing Jiangsu Yangzi Xinfu Shipbuilding.
“This proximity will enable us to seamlessly integrate new facilities, thereby enhancing both productivity and operational efficiency,” Yangzijiang said in a statement to SGX.
The company plans to invest RMB3 billion ($412.8 million) over the next two years in the expansion project.
As of late May, Yangzijiang’s record order book value was $16.1bn, comprising 193 vessels to be delivered by 2028, totaling 7.45m gt.
Also, as of late May, the company had reached 74% of its annual target for new orders, with 38 vessels having a combined value of $3.3 billion.
According to the yard, around 54% of new orders were for green products, mainly including methanol dual-fuel vessels, LPG carriers, and VLECs.
Source: Port News
