Yangzijiang Shipbuilding (Holdings)

[CityFarmer]

http://infopub.sgx.com/FileOpen/YZJ%20Pr...eID=301756

Yangzijiang inks contract for its largest ever bulk carriers

This contract consists of four 260,000DWT very large ore carriers, secured from the Group’s first Australian customer. The shipbuilding contract was secured from an Australia based ore company listed on the Australian Securities Exchange and the contract is the first of its kind in Yangzijiang’s orderbook. Yangzijiang’s ability to break into Australia, a new geographical reach, continues to demonstrate shipowners’ growing confidence in Yangzijiang’s shipbuilding competency. Yangzijiang expects to deliver the VLOCs from 2016 to 2017.

The capacity till 2016 has been fully utilized. The new order is filling in the capacity from 2016. I reckon soon the capacity of 2016-2017 will be fully utilized soon...

In the announcement, there are also news from the 10,000TEU containership deliveries. The deliveries of 4th was done, and the 5th is on its way.

(vested)