Yangzijiang Shipbuilding bags US$980 million in vessel contracts in Q1

[SINGAPORE] Yangzijiang Shipbuilding said on Tuesday (Mar 31) that it secured shipbuilding contracts for 22 vessels in the first quarter of 2026, with an estimated aggregate value of about US$980 million.

The contracts are for 17 container ships, four oil tankers and one bulk carrier. These are scheduled for deliveries between 2028 and 2029.

The mainboard-listed shipbuilder does not expect the contracts to have any material impact on its net tangible assets per share or earnings per share for the financial year ending Dec 31, 2026.

The group said its outstanding order book stands at about US$22.8 billion for 256 vessels, after factoring in the latest quarter’s contracts and deliveries.

Shares of Yangzijiang Shipbuilding closed at S$3.78, down 0.8 per cent or S$0.03, on Tuesday, before the announcement.