Yangzijiang Shipbuilding reported total revenues of CNY4.47bn ($698m) for 3Q 2021, an increase of 25% year on year.

To date, Yangzijiang Shipbuilding has secured order for 124 vessels worth $7.41bn in 2021, and has an outstanding orderbook of $8.86bn for 165 vessels. 

In the third quarter of this year 15 vessels were delivered, as compared to 9 vessels in 3Q 2020. 

Despite the burgeoning orderbook it has not all been plain sailing for the Chinese ship

“Power crunch amidst shortage of coal supplies in China has led to electricity rationing and production halt at numerous factories in the months of September and October, but the impact on the group’s shipyards were kept under control. Since the beginning of November, restrictions and constraints on electricity usage have eased and the shipyards are now back to normal operations,” said the company.

Yangzijiang’s major shipyards are currently operating at full utilization and there are no changes to the group’s scheduled delivery of vessels in the second half of 2021. 

Source: Seatrade Maritime News