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Yangzijiang wins order for three combination carriers

Yangzijiang Shipbuilding (Holdings) has won a contract from a repeat customer, Klaveness Combination Carriers, to build three 83,300 dwt so-called combination carriers for delivery in 2026.

According to Klaveness Combination Carriers in a May 23 announcement to the Oslo exchange, the contract price of each vessel is US$56.4 million, while the estimated delivered cost including, amongst others, zero-emission readiness and costs for shipyard supervision team is approximately US$60.5 million per vessel.

These combination carriers can carry both wet and dry cargo. By doing so, the ships can be run more efficiently than single-purpose vessels, as the combination carriers can have a better chance of being used on both legs of the journey.

Between 2019 and 2021, Yangzijiang has already delivered eight combination carriers to the Norway-based customer.

According to Yangzijiang, the new vessels will be equipped with greater fuel-efficient solutions such as wind-assisted propulsions, are to replace KCC’s order vessels.

Company executive chairman and CEO Ren Letian says he is “grateful” for the “immense trust” given by the customer with this repeat order.

“In addition, the inherent efficiency of combination carrier design will also help reduce the carbon footprint of the industry due to the reduction of idle sailing,” he adds.

In its most recent order book update for 1QFY2023 ended March, Yangzijiang says it has a total order of US$10.98 billion, including US$1.18 billion won year to date.

[The Edge Singapore]

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