SIMIC

The orders include five 12,200 TEU containerships, four 15,000 TEU box ships, and four 11,800 TEUers.

In addition, ten units of 82,300dwt bulk carriers, four units of 2,600 TEU containerships, and four units of 1,800 TEU containerships are also included in the recently signed contracts.

All vessels are expected to be delivered between 2022 and 2023. Therefore, the orders will not have any bearing on the earnings for the current financial year, reports London's Ship Technology quoting The Edge Singapore.

The orders come after the shipbuilding company signed agreements worth $1.3 billion for the construction of 29 vessels last month.

In January, Jiangsu Yangzi Mitsui Shipbuilding, a subsidiary of Yangzijiang Shipbuilding, signed four contracts with Bangladesh-based Meghna group for the construction of 66,000dwt bulk carriers.

The vessels are expected to be delivered from the second half of 2022 to the first half of 2023.

This type of bulk carrier has been designed by Japanese company Mitsui Engineering & Shipbuilding. It is environmentally friendly and operates on low fuel consumption.

The vessel measures about 199.99 metres in length, 36.00 metres in width, 18.45 metres in depth, 12.92 metres in the structural draft, and 11.20 metres in design draught.

This year, Yangzijiang Shipbuilding has signed as many as 60 shipbuilding contracts for a total value of around $3.04 billion.