Yangzijiang Shipbuilding reports record high order book of US$22.14 bil in 9MFY2024

Yangzijiang Shipbuiilding has reported a record high total order book value of US$22.14 billion ($29.4 million) in 9MFY2023 ended Nov 7, according to its business update.

According to the group, its “strong outstanding” order book brings revenue visibility up to mid-2028.

The group also exceeded its FY2024 order win target by 259%, having secured an additional US$7.14 billion as at Nov 7. This came on the back of strong demand for dual-fuel containerships, oil tankers, and gas carriers, adds the group.

Yangzijiang Shipbuilding believes it is on track to achieve the delivery target of 63 vessels this year, with 57 vessels delivered YTD.

Shares in Yangzijiang Shipbuilding closed 3 cents higher, or up 1.18%, at $2.58 on Nov 7.
Source: The Edge Singapore