Yangzijiang Shipbuilding bags eight contracts worth $567.6m

Meanwhile, deals for four oil tankers were terminated.

Yangzijiang Shipbuilding (Holdings) Ltd. has secured additional shipbuilding contracts for eight vessels with an aggregate contract value of $567.6m (US$440m).

In a bourse filing, the company said the contracts include four units of containerships and four units of bulk carriers.

Two units of 11,800 TEU containerships were placed by Seaspan Corporation, one of the group’s long-standing partners.

The contracts are scheduled for deliveries between 2027 and 2029 and are not expected to have any significant impact on the earnings of the group for the financial year ending 31 December 2025.

Yangzijiang Shipbuilding also announced in a separate filing that its three subsidiaries, Jiangsu Yangzijiang Shipbuilding Group Co., Ltd, Jiangsu New Yangzi Shipbuilding Co., Ltd, and Jiangsu Yangzi Xinfu Shipbuilding Co., Ltd., had terminated shipbuilding contracts for four 50,000DWT MR oil tankers valued at around $232.2m (US$180m).

The deal was terminated “following certain critical information just disclosed by the buyer (which had not been previously known to the Subsidiaries), despite earlier extensive due diligence on the Buyer and its shareholder.”

“This critical information contains allegations that the buyer’s sole shareholder was involved in a scheme to circumvent U.S. sanctions laws and regulations,” Yangzijiang Shipbuilding said.

The four oil tankers were scheduled for delivery from 2026 to 2027.

The termination of the contracts is not expected to have a material impact on the net tangible assets and earnings per share of the company and the group for the current financial year ending 31 December 2025.

US$1 = S$1.29

Follow the link for more news on

Yangzijiang Shipbuilding

A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia