The Board of Directors of Yangzijiang Shipbuilding Ltd announced that following the new orders announced on 26th April 2013, the Group has secured additional shipbuilding contracts for fifteen vessels with an aggregate contract value of US$414 million.
The new contracts secured comprise of six units of 82,000 DWT bulk carriers, eight units of 64,000 DWT bulk carriers and one unit of 94,000 DWT transload vessel; whereby such vessels are scheduled for deliveries in the period from 2015 to 2016, and therefore will not have any significant impact on the earnings of the Group for the financial year ending 31 December 2013.
In 1H2013, the Group had secured a total of twenty-seven effective shipbuilding contracts with an aggregate value of US$1.01 billion. As at the announcement date, the Group has a total of 51 options worth US$2.64 billion entered with its respective buyers, of which 22 options are for containerships worth US$1.56 billion and 29 options are for multi-purpose bulk carriers worth US$1.08 billion. With the Baltic Dry Index recently achieving a 52-week high of 1179 points, the Group is confident that more options will be exercised in 2H2013. Pertaining to the cessations declared by the Group for its three 2500TEU shipbuilding contracts previously, the Group has sold all of them to the new customer in 2Q 2013.
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Yangzijiang Shipbuilding, July 4, 2013