$yzj - On a roll. Order book getting very strong

Yangzijiang Shipbuilding on Wednesday announced that it had recently secured agreements to build and deliver 14 vessels with a total contract value of US$715 million. Of the new orders, three of the vessels ordered by a German shipowner are 40,000 cubic metre (cu m) liquefied petroleum gas (LPG) vessels, said the group in a bourse filing. Executive chairman and chief executive officer of the group Ren Letian said that its maiden batch of 40,000 cu m LPG carriers marks a breakthrough for the group and is a recognition of "the group's strengths in the design and building of clean-energy vessels"