Record earnings have been turned in by Yangzijiang Shipbuilding despite tough conditions in the industry.

Yangzijiang’s net profit for the third quarter passed the RMB 1bn ($160m) mark, a 40% increase on last year. Deliveries through the quarter rose to 19 vessels compared to 14 in the same period of 2010.

A containership is readied for delivery at a Yangzijiang yard.
Revenues were up 12% to RMB 3.46bn