Yangzi Hongyuan Shipbuilding
Jiangsu Yangzi Hongyuan Shipbuilding Co., Ltd.
No.8 Ruijiang Road, Jingjiang City, Jiangsu Province, P.R.China
Tel: +86 523-84660022
Email: yzjsymk@yzjship.com
Subsidiary company of Yangzijiang Shipbuilding (Holdings) Ltd. |
Yizheng Yangzi Shipbuilding
Yizheng Yangzi Shipbuilding Industry Co., Ltd.
No.28 Binjiang Middle Road, Yizheng Economic Development Zone, Yizheng City, Jiangsu, P.R. China
Tel: +86 139 5270 5658
Email: yangchanghuai@126.com |
Yangzi Xinfu Shipbuilding
Jiangsu Yangzi Xinfu Shipbuilding Co., Ltd.
https://www.yzjship.com
Hongqiao Industrial Park, Taixing City, Taizhou, Jiangsu 225454, P.R. China
Tel: +86 0523-89780012
Email: 153005752@qq.com; yzjsymk@yzjship.com
Subsidiary company of Yangzijiang Shipbuilding Holdings. |
Yangzi-Mitsui Shipbuilding
Jiangsu Yangzi-Mitsui Shipbuilding Co., Ltd.
https://www.yamicship.com
No.1 Chuanchang Road, Huangjing Town, Taicang City, Jiangsu 215400, P.R. China
Tel: +86-512-538 38353; +86-512-5383 8321
Fax: +86-512-5383 8321
Email: yamicmarketing@yamicship.com; yanfei@yzjship.com
Join Venture between Yangzijiang Group and Mitsui Co. |
Yangzijiang Shipbuilding Group
Yangzijiang Shipbuilding Group Ltd. start from 1956. YZJ Group is the largest private ship building group in China which owns (i) New Yangzi Shipbuilding Co., Ltd., (ii) Yangzi Xinfu Shipbuilding Co., Ltd., (iii) Yangzijiang Offshore Engineering Co., Ltd. and (iv) Yangzijiang Shipbuilding Co., Ltd. The whole group in located in Jiangsu province.
For the ship newbuilding, is focus on:
medium and large size of container vessels
bulk carriers
oil and chemical tankers
Gas Carrier (LNG, LEG, LPG carriers, C-Tank)
multi-purpose vessels
(1) New Yangzi Shipbuilding, Lianyi Road 1#, Taizou-Jingjiang, Jiangsu
Area: 2 million m2
Coastline: 3,000 m
Slipway: 2 x 100,000 tons slipways
Drydock: 440m x 96m, 390m x 56m
Lift Capacity: 1,000 tons
Product Capacity: 3 million dwt / year
Container, Bulk Carrier, MPV, Oil Tanker, Gas Carrier
(2) Yangzi Xinfu Shipbuilding, Yangzi Xinfu Road, Taixin, Jiangsu
Area: 1.5 million m2
Coastline: 1,200 m
Drydock: 545m x 147m
Lift Capacity: 1,000 tons
Product Capacity: 3 million dwt / year
Large Bulk Carrier, Large Container Ship
(3) Yangzijiang Offshore, Haiming Road, Taicang, Jiangsu
Area: 1 million m2
Assemble Area: 325m x 168m
Floating Dock: 220m x 40m, Lift 16,000 dwt
Lift Capacity: 600 tons
Product Capacity: 1 million dwt / year
Bulk Carrier, Gas Carrier, Jack-up, Ro-Ro
(4) Yangzijiang Shipbuilding, Lianyi Road 1#, Jiangyin-Jingjiang Industry Zone
Area: 300,000 m2
Slipway: 1 x 30,000 tons, 2 x 10,000 tons
Lift Capacity: 300 tons
Product Capacity: 300,000 dwt / year
Handysize Bulk Carrier, MPV, Container Feeder
Yangzijiang established a Technology Center supported by Research and Design department (CS Marine), Econovo Marine Engineering. Has good capacity in ship concert design, detail design and construction design.
Jiangsu NewYangzi Shipbuilding Co.,LTD.
Http://www.yzjship.com
Lianyi Road 1#, Jiangyin-Jingjiang Industry Zone, Jingjiang, Jiangsu
Tel: +86-523 84660022 84660010
Fax: +86-523 84663000
Email: yzjsybd@yzjship.com |
Shanghai Huayuan Shipping
Shanghai Huayuan Shipping Co Ltd
Room 2411, Ruifeng Mansion, 248, Yangshupu Lu, Hongkou Qu, Shanghai, 200082, China
Tel: +86 21 5509 1591
Subsidiary company of Jiangsu Yangzijiang Group. |
Yangzijiang Shipping Pte Ltd
Yangzijiang Shipping Pte Ltd
9 Raffles Place #54-01, Republic Plaza, Singapore
Email: public@yzjmaritime.com
Subsidiary company of Yangzijiang Shipbuilding (Holdings) Ltd. |
Yangzijiang delivered the second 50000DWT MR tanker to Celsius （2021-07-16）
July 15, Yangzijiang Shipbuilding successfully signed and delivered the second 50000DWT MR chemical tanker “CELSIUS PORTSMOUTH”, which was built for Celsius Shipping.
Following the delivery of the first ship last month, the second ships were still affected by the current epidemic, and the two sides still used video communication.
On the afternoon of July 16, the ship 'CELSIUS PORTSMOUTH' left the factory and started its maiden voyage. Wish the new ship a smooth operation in the future and bring more good luck and wealth to the shipowners and partners. |
Vogemann placed an order with Yangfan Group for 4+2 units 40,000 dwt bulk carriers （2021-05-15）
Germany’s Reederei H Vogemann has signed up for 4+2 units newbuildings at Zhejiang Yangfan Group and exercises options at Yangzijiang Shipbuilding.
Vogemann has boosted Chinese bulker orders with deals at Yangfan and Yangzijiang. The German line has added six new vessels to its order book, which will bring its tally of 40,000-dwt open-hatch bulkers to eight newbuildings.
It also has an option to add another pair of vessels. All will be built to the Green Dolphin 40 design.
Sources told TradeWinds that four of the six will be built by Zhejiang-based Yangfan Group for delivery in 2022, while the other two will be built by Singapore-listed Yangzijiang for delivery in January and March next year.
The company is said to be paying Yangfan around $26m per newbuilding, which is $2.5m per ship more than the Yangzijiang order. |
SITC Line orders six 1800 TEU Containerships at Yangzijiang （2020-08-30）
China ship owner SITC Line orders six 1800 teu containerships at Yangzijiang, The newbuildings will be delivered between April and October 2022. total amount about 126 million. The feeder operator also has options for another six similar vessels
The six 1,800 teu vessels will be built at yards operated by Yangzijiang Shipbuilding and will expand SITC’s self-owned vessel fleet to meet increasing demand. The feeder container line has recently said it plans to expand its intra-Asia service network. |
Yangzijiang delivered the sixth 45,000 dwt bulker to NAVIBULGAR （2020-08-17）
On August 17, 2020, the naming ceremony of the sixth ship 'OKOLCHITSA', a 45,000 DWT bulk carrier built by Yangzijiang Shipbuilding for Bulgarian owner Navigation Maritime Bulgare (NAVIBULGAR) was held at New Yangzi Shipyard.
The ship 'OKOLCHITSA' is scheduled to sail to South Korea on the morning of 19th to receive the first batch of goods.
With the delivery of 'OKOLCHITSA', Yangzijiang Shipbuilding completed the construction of six 45,000 DWT bulk carriers for Bulgarian owner NAVIBULGAR.
The cooperation between Yangzijiang and NAVIBULGAR started in 2017, and the completion of the project of six 45,000 dwt bulk carriers is a fruitful result of the friendly cooperation between the two sides. Next, the two sides of the new project - 4+2 31,800 dwt lake bulk carrier project will also be implemented. |
Yangzijiang Shipyard delivery 4th CLEANBU to Klaveness （2020-08-05）
Klaveness Combination Carriers ASA has taken delivery of the MV Baleen from New Yangzi Shipyard in China, the fourth of a total of eight contracted CLEANBU combination carriers.
Klaveness said that the start of trading of MV Baleen will be delayed due to COVID-19 travel restrictions and quarantine regulations impacting the mobilization of the crew.The vessel is scheduled to load her first cargo of caustic soda during the 2nd half of September.
The first vessel from the batch, MV Baru, was delivered in January, the second, MV Barracuda, in late July, while the third ship from the series, MV Barramundi, was delivered in September 2019.
The CLEANBUs have up to 40% lower CO2 emissions per ton mile transported cargo, in line with the IMO’s 2050 targets of a 50% reduction in CO2 emissions from shipping.
With the delivery of the MV Baleen, Klaveness Combination Carriers will operate a fleet of 13 combination carriers. KCC has fixed-price options to contract an additional four CLEANBUs for delivery in 2022. |
Yangzijiang Shipbuilding appoints new vice-general （2015-07-03）
Singapore-listed Yangzijiang Shipbuilding has appointed Zhang Tao as the company’s vice-general manager in charge of operations. Zhang was the administrative deputy general manager of China Shipbuilding Industry Corporation (CSIC) from March 2011, and is the youngest executive from a state-owned shipbuilder to have joined a private company. Zhang relinquished all his positions at CSIC on 9 June, CSIC noted in a filling to the Shanghai Stock Exchange. His annual salary of CNY954,000 (USD155,672) in 2014 was ranked the highest of all CSIC senior executives. Zhang has worked as marketing manager, deputy general manager, and vice president at Dalian Shipbuilding Industry, a subsidiary of CSIC, before becoming CSIC’s administrative deputy general manager. Yangzijiang is the largest private shipyard in China, with an orderbook of 102 vessels. |
Chinese firms to buy stake in Fortescue （2015-05-26）
Chinese companies Baosteel and CITIC are poised to buy a stake in the flagging Fortescue Metals Group, according to local media, with one IHS Maritime source also saying Fortescue ore ships on order were up for sale. Speculation has been mounting in recent days that buyers are circling iron ore juniors, including Australia’s third biggest, but heavily indebted miner, Fortescue. Yet it was not until 26 May that a report in Australian Financial Review named the two companies thought to have made submissions to Australia’s Foreign Investment Review Board (FIRB). Industry sources told IHS Maritime on 26 May that Fortescue did not really have any other options, predicting the price of ore would drop back to USD50 a tonne this year, well down on the miner’s break-even point. “I can’t see them repaying the debts they have without some cash injection,” he said. “It might be the only way of saving the company in the long term.” He added that news from China was that Fortescue was looking for buyers for its eight very-large ore carriers on order from China state-owned shipyard CSSC Guangzhou Longxue Shipbuilding and Singapore listed Yangzijiang Shipbuilding. “But I don’t know who would be in the market for big ore ships in the current market,” he said. Fortescue currently shoulders a USD7.2 billion debt, which it struggled to refinance in April. Fairfax media named Baosteel and CITIC as the two companies eyeing a stake in Fortescue mines, ports, and rail based on their existing relationships with the miner and industry sources. Baosteel already has a 12% stake in Fortescue’s magnetic iron ore assets in the Pilbara (FMG Iron Ore Bridge) and was also behind plans to unlock iron ore in the West Pilbara. CITIC had previously held discussions with Fortescue about a potential investment in its estimated USD18 billion rail and port infrastructure. Fortescue has been coy about talk of suitors, claiming on 26 May that they knew of no approach to the FIRB and would not comment on media speculation. However, chief executive Nev Power has previously gone on record saying “a strategic investor would probably be the most appropriate partner for us”. Andrew Forrest, founder and chair of Fortescue, has been running a media and lobbying campaign in recent weeks, demanding a government inquiry into what he alleged as deliberate oversupply by big miners BHP Billiton and Rio Tinto to drive down the price of ore and put other miners out of business, while creating a AUD20 billion state revenue gap. At the same time Forrest has been busy buying into junior miners, including Atlas Iron and a tiny Victorian gold miner, A1 Consolidated Gold. However, this week his campaign for an industry inquiry failed at the same time China signed inked a USD4 billion expansion deal with rival iron ore producer, Brazil’s Vale. While others blamed Forrest for China looking to Brazil, Fortescue slammed the “unprecedented, intense and hysterical lobbying by the multinational mining giants”. |
UOBKayhian recommends 'buy' for Yangzijiang （2015-05-05）
Singapore-based brokerage house UOBKayhian has recommended a 'buy' status for Yangzijiang Shipbuilding Holdings because of its resiliency amid the difficult shipping environment. UOBKayhian highlighted that the Singapore-listed shipbuilding company has secured over USD4.6 billion for 114 vessels in its orderbook, reflecting the superior management of Yangzijiang in getting orders despite an excess tonnage shipping market. The orderbook includes USD135 million contracts for two LNG vessels secured in February 2015, as well as Yangzijiang’s agreement with container ship management company Seaspan Corporation for the options of six additional 10,000 teu container ships. In addition, there were two options with a total contract value of USD238 million relating to two 36,500 dwt bulk carriers and two 10,000 teu container ships. Therefore, Yangzijiang’s management is guiding total contract wins of approximately SGD2 billion (USD1.5 billion) for 2015. Meanwhile, the brokerage house stated that 85% of Yangzijiang’s revenue for first quarter of 2015 was contributed by the core shipbuilding business, while 13% came from trading and remaining 2% from other businesses. Shipbuilding-related segment’s gross margin was 18%, up around 2% year on year (y/y). However, its core shipbuilding gross margin fell 3% y/y to 21% in the first quarter of 2015. Despite lower margins, UOBKayhian felt the figure is still healthy in view of the bearish shipping market. “Yangzijiang has proven its leadership among non-state-owned enterprise (SOE) shipyards throughout the years with its strong order win and project execution capabilities and a robust balance sheet. The stock is expected to pay a decent annual dividend yield of 3.6-3.8%,” said the analysts from UOBKayhian. The brokerage house has set a target price of SGD1.67 per share for the company’s stock. Its stock is currently trading at around SGD1.47 per share. |
Yangzijiang delists in Taiwan （2015-05-05）
Chinese shipbuilder Yangzijiang Shipbuilding Holdings, listed in both Singapore and Taiwan, announced on 30 April that it will terminate its listing in Taiwan. The shipbuilder cited the small trading volume of its units, called Taiwan Depository Receipts, as well as the costs of staying listed in Taiwan. Yangzijiang now holds 37.16 million TDRs, amounting to 0.48% of the company’s total tradable shares. Yangzijiang promised to buy back 100% of its TDR at the price of TWD14.76 (USD0.48) per unit, and the buying back will last 50 days. Despite the weak market sentiment, Yangzijiang has been rated the top shipbuilder in China as of the end of February 2015 and possesses healthy cash flow. Yangzijiang posted a net profit CNY706.8 million (USD115.6 million) in the first quarter ended 31 March 2015, down by 12% y/y as compared to net profit of CNY799.2 million in 1Q14. The termination of Yangzijiang’s TDR is another case of “bad money drives out good”, stated Wealth Publishing chairman Hsieh Chin-ho on his Facebook page yesterday, and was also indicative of the failure of TDRs. Since 2008, Taiwan has made a concerted effort to internationalise its capital markets by encouraging foreign companies and Taiwanese businesses based overseas to list on the Taiwan Stock Exchange or the Gre-Tai Securities Market, which facilitates over-the-counter trading. This can be done through an initial public offering or a secondary listing via TDR. Several companies listed in Hong Kong, Singapore and elsewhere Asia in have shown a strong interest in cross-listing on Taiwan's stock exchange, attracted by Taiwan’s fund trading activities, high turnover and favorable price-to-earnings ratios, as well as a quick and simple listing process. |
Yangzijiang considers RSHI acquisition （2015-05-03）
Singapore-listed shipbuilder Yangzijiang Shipbuilding Holdings (Yangzijiang) has set its sight on possible merger and acquisition (M&A) activities for Chinese shipyard Rongsheng Heavy Industries (RSHI). Yangzijiang told IHS Maritime that it has been approached by the Chinese government to acquire stakes in RSHI but maintained that the talk is still in its preliminary stage. “As of now, Yangzijiang will only consider RSHI for acquisition but we are taking a cautious approach on this and the deal may or may not go through at all,” said Ren Yuanlin, executive chairman of Yangzijiang, highlighting that the company has not made any decision on the proposed M&A activity. In hindsight, he thinks that the proposed acquisition will be good for Yangzijiang in terms of expanded capacity and assets, as well as the existing value-added offshore shipbuilding capabilities that RSHI possesses. “In the long run, China will still need to produce vessels and machinery related to the offshore industry. RSHI has such capabilities and it will be beneficial to whomever acquires it,” added Ren. Ren predicted that in three years’ time, the number of active shipyards in China would be decimated to around 30 firms as shipping firms enter a period of consolidation. During this period, Yangzijiang aims to focus on its core shipbuilding business and pledges to exit its existing involvement in the property business in one or two years. Meanwhile, Yangzijiang suffered a net profit drop of 12% year on year (y/y) to CNY706.8 million (USD113.9 million) in the first quarter ended 31 March 2015. The decline was prompted by the lower earnings, which fell 14% y/y to CNY3.04 billion in the first quarter of 2015. Yangzijiang cited in its filing to Singapore Exchange that the lower earnings were attributed to the overall bearish shipbuilding market. Despite the weak market sentiment, Yangzijiang has been rated the top shipbuilder in China as of the end of February 2015 and possesses a healthy financial cash flow. Ren attributed the healthy financial cash flow of the company to four main factors such as Yangzijiang’s relative low financial cost of borrowing funds from Chinese banks and its efficiency in shipbuilding projects management and cost-effective ship designs. Moreover, Yangzijiang possesses a good track record in completing ship construction on schedule, thus it did not have to pay any penalty fees to shipowners. Lastly, the company did not construct vessels on speculation basis and maintain a careful cost control during the construction phrase to remain profitable. |
Yangzijiang dismisses M&A rumours （2015-03-10）
Singapore-listed shipbuilder Yangzijiang Shipbuilding Holdings dismissed rumours on the acquisition of shipbuilder China Rongsheng Heavy Industries Group Holdings (RSHI). Yangzijiang stated in its filing to the Singapore Exchange that the management of the company has “not made any decision regarding the acquisition”, refuting previous media reports that the company is in “advance talks” to acquire stakes in RSHI. However, Yangzijiang clarified in the filing that the company was approached by relevant government agencies in China to consider and explore the possibilities of acquiring some stake in the said company. Still, as to date, Yangzijiang has taken no action and decision for the suggested acquisition, and the management will continue to evaluate the implication of any potential acquisition to the overall businesses of the company. Since its inclusion to the “white list” of 51 Chinese shipyards in September 2014, Yangzijiang has been in the limelight of much possible merger and acquisition (M&A) activities, thanks to the favourable Chinese government's support policy like export tax rebates and bank credit. RSHI was also included in the “white list”, but was not in a healthy financial position. For instance, the yard posted a total net loss of CNY3.36 billion (USD537 million) for the first nine months in 2014, due to the low prices of shipbuilding orders in the depressed market. RSHI then had been subjected to several lawsuits filed over contract disputes and had its assets frequently seized by Chinese courts upon application by its creditors in 2014. |
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