In an earnings presentation Yangzijiang Shipbuilding outlined plans to invest more money in research-and-development (R&D) under a broader bid to cash in on rising demand for large containerships and technologically-advanced tonnage like LPG carriers.
“Resources from other non-shipbuilding businesses will be gradually redeployed into shipbuilding and its related businesses, especially into R&D, to better meet market demand,” it said, adding:
“Demand [in the] shipping industry for vessels that are more complex and larger [is] rising as shipowners enhance their focus on vessels’ operational efficiencies.
“The
