Yangzijiang, Keppel Fels secure new orders
Two major Singapore marine and offshore service providers have clinched significant new orders.
Yangzijiang Shipbuilding, a mainboard-listed shipbuilder, said it won new contracts for four bulk carriers, and converted 13 options for bulk carriers and containerships into effective orders last month.
The total value of these 17 orders is about US$871 million (S$1.1 billion), it said in a filing to the Singapore Exchange (SGX) on Tuesday. The vessels are due for delivery in 2015 and 2016.
Further, the new contracts for four bulk carriers come with options for two identical vessels, Yangzijiang added.