Cranes swing into action at a busy shipyard run by Yangzijiang Shipbuilding. [Photo/zhjjwx.jsjjw.cn]
This year, Yangzijiang Shipbuilding Holdings Co Ltd, based in Jingjiang, a county-level city in Taizhou, has received orders exceeding 100 billion yuan ($13.76 billion) in value, topping the previous four years and marking a new record high.
It has received 119 orders as of Dec 4, which is equivalent to 317 percent of the annual order target of $4.5 billion.
The surge in order volume this year is mainly due to the strong demand for dual-fuel container ships, oil tankers, and liquefied gas carriers. Among the 119 new ship orders received this year, 68 are container ships, of which 61 are dual-fuel vessels.
The order volume for liquefied gas carriers this year is also significantly higher than in previous years.
This is especially true as Yangzijiang Shipbuilding secured its first order for a very large ethane carrier and its first order for a very large ammonia carrier, making it the first private shipbuilding enterprise in China to enter the VLAC market.