Yangzijiang Shipbuilding has defied China’s ‘zero-Covid’ strategy to maintain its newbuilding delivery schedule, the latest analysis shows.
China’s largest privately owned shipbuilder delivered a total of 18 vessels in the second quarter of 2022, according to Singapore investment house UOB Kay Hian.
“In our view, these deliveries are even more impressive in light of the challenges that it and its suppliers have faced due to China’s dynamic zero-Covid strategy with disruptions and delays to the domestic and international supply chains as well as labour issues,” said analyst Adrian Loh.
