Thursday, October 5, 2023
HomeHeadlinesYangzijiang wins order for three combination carriers

Subscribe

To our FREE newsletter
Get all the latest maritime news delivered straight to your inbox.

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]

Related Posts

Video

Finance & Economy
Shipping News
Ports

Golden Ocean: Renewal of share buy-back program

Reference is made to the announcement by the Board of Directors in Golden Ocean Group Limited (OSE/NASDAQ: GOGL) dated 4 October 2022 regarding the...

DHT Holdings announces share buyback

DHT Holdings announced that the Company during the third quarter has purchased 1,137,583 of its own shares, equivalent to 0.7% of its outstanding shares,...

Scorpio Tankers takes options to buy back over 20 ships

In a relevant SEC filing, Scorpio Tankers announced extensive vessel repurchases via sale and leaseback arrangements, including for the 2016-built LR2 product tanker STI...

TOP Ships Announces Reverse Stock Split

TOP Ships announced that it has determined to effect a 1-for-12 reverse stock split of the Company’s issued common shares. The Company’s shareholders approved the...

Carnival Earnings Outlook Misses While Fuel Costs Near 15-Year High

Carnival Corp. posted a profit for the first time since 2020 but issued a fourth quarter earnings outlook that missed Wall Streets’ expectations as...

ABS, Crowley Advance Augmented Reality Technology for Maritime

Crowley and ABS, a leading provider in maritime classification and advisory services, have entered...

Baltic index hits over 11-month peak on capesize strength

The Baltic Exchange’s main dry bulk sea freight index rose to its highest in...

MSC to buy 50% stake in Italian passenger rail group Italo

Shipping group MSC has entered into a binding agreement to acquire a 50% stake...

Higher capesize rates drive Baltic index higher

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk...

Baltic index snaps 4-day winning streak as capesize rates slip

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk...

Ukraine: 5 More Cargo Ships Head For Black Sea Ports – report

Five more ships are on their way to Ukrainian sea ports using a new corridor opened to resume predominantly agricultural exports, an alternative arrangement...

Piraeus Port reports strong H1 2023 results

The Piraeus Port Authority SA, which operates Greece’s biggest and busiest port, reported a 48.8-percent increase in pre-tax earnings for H1 2023 – 49.4...

Greece names Thessaloniki port operator preferred bidder for Volos port

Greece’s privatisation agency has named the operator of Thessaloniki port as the preferred bidder for acquiring a 67% stake in the port of Volos,...

Drewry: Port Throughput Index Down 2.1% in July

The Global Container Port Throughput Index fell 2.1% MoM in July 2023, with the small rises recorded in Africa and Oceania having been insufficient...

Vopak: Agreement with Infracapital on sale of Rotterdam chemical terminals

Vopak announces that it has reached an agreement with Infracapital on the sale of its three chemical terminals in Rotterdam (Botlek, TTR and Chemiehaven)...