Yangzijiang Shipbuilding’s drive into the tanker newbuilding sector looks to be paying off, with the company adding $400m worth of contracts in the third quarter of 2023.
The Singapore-listed shipbuilder now has a tanker order backlog worth $1.74bn, according to its third-quarter business update.
The tanker orderbook comprises 37 vessels of almost 1m cgt made up of 24 MR tankers, eight 75,000-dwt LR1s and five 114,000-dwt LR2s.
