SIMIC

Katherine Si | Apr 07, 2021

Operations for Jiangsu Yangzi Changbo Shipbuilding were halted in 2012 due to lower order flows in the previous years, and construction work from the facility was consolidated at the group’s other three major yards to improve operational efficiency.

Year to date in 2021, Yangzijiang has secured orders for 60 vessels worth about $3bn, the largest orderbook recorded in the past decade. To increase capacity, Yangzijiang will resume operations for Jiangsu Yangzi Changbo Shipbuilding by mid-2021.

Related: Yangzijiang Shipbuilding secures $3bn in newbuildings year-to-date

Yangzijiang is also planning to expand its market share in the LNG carrier segment following the establishment of a new joint venture, Jiangsu Run Yuan Energy Co., in 2021. As well as further expand its capacity into more complex and technically-challenging vessels via the joint venture Yangzi-Mitsui Shipbuilding.