$1 Billion in New Ships Ordered from Yangzijiang Shipbuilding

SINGAPORE, Oct 1 (Reuters) - Yangzijiang Shipbuilding (Holdings) Ltd, China's second-largest listed shipyard, said it had won shipbuilding contracts worth about $871 million since early September. The company received new orders for four bulk carriers, each of 208,000 deadweight tonnes, with options for two identical vessels. In addition, options for 13 vessels, including … [Read more...]

China’s Yangzijiang Navigates Rough Seas, But Raises Warning Signal

By Rujun Shen SINGAPORE, Aug 7 (Reuters) - Yangzijiang Shipbuilding (Holdings) Ltd, China's second-largest listed shipbuilder, is standing tall in an industry battered by a supply glut and lack of new orders, thriving on high-margin orders and a profitable side investment business. The Singapore-listed company concedes, however, that stormy seas could strike next … [Read more...]

Yangzijiang Shipbuilding Chairman: “There’s no reason for the yuan to appreciate”

SINGAPORE (Dow Jones)--The chairman of Yangzijiang Shipbuilding Holdings Ltd. (BS6.SG) said Thursday he doesn't expect the yuan to appreciate more than 5% against the U.S. dollar over the next two to three years, predicting the dollar to stay in a range of CNY6.0 to CNY6.3 during that period. Ren Yuanli, who holds a 27.9% stake in Yangzijiang, China's largest publicly … [Read more...]

Record Earnings in 2011 for China’s Yangzijiang Shipbuilding [REPORT]

SINGAPORE (Dow Jones)--Yangzijiang Shipbuilding Holdings Ltd. (YSHLF, 911609.TW, BS6.SG) posted a 24% rise in its fourth quarter net profit, capping a record year of earnings for the China-based shipbuilder. The company reported net profit of CNY1.04 billion for the three-months ended Dec. 31 2011, compared with CNY838.1 million in the previous year, as its yards worked at … [Read more...]

China’s Yangzijiang Shipbuilding Reveals Secrets of Success to DNV [INTERVIEW]

[dropcap style="3"]Y[/dropcap]angzijiang Shipbuilding is another legend in China's shipbuilding industry. As the first private shipbuilding enterprise to be listed in Singapore in 2007, Yangzijiang Shipbuilding has quickly ascended to become one of the world's top 20 shipbuilders and China's top five shipbuilders. Moreover, it has been included in China's Top 500 Companies list … [Read more...]