The Board of Directors of Yangzijiang Shipbuilding ( Holdings) Ltd. today announced that following four options consisting of two 82,000DWT and two 64,000DWT bulk carriers became effective in July 2013 as announced on 7th August 2013, there are further four options with an aggregate value of US$ 110.4 million converted into effective orders in August 2013.
The new effective Contracts comprise of two units of 1,100 TEU containerships and two 82,000 DWT bulk carries; whereby such vessels are scheduled for deliveries in 2015, and therefore will not have any significant impact on the earnings of the Group for the financial year ending 31 December 2013.
In first two months of 2H2013, the Group had secured a total of eight effective shipbuilding contracts with an aggregate value of US$ 0.214 billion. Year to date, a total of thirty five shipbuilding contracts amounting to US$ 1.22 billion had come into effective.
As of the announcement day, the Group has a total of 51 options worth US$2. 87 billion entered with its respective buyers, of which 22 options are for containerships worth US$1. 79 billion and 29 options are for multi-purpose bulk carriers worth US$ 1.08 billion.
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Yangzijiang Shipbuilding, September 4, 2013