JYSC wins mega contract

According to Jiujiang Yingxin Shipbuilding Company (JYSC), one of the largest private shipbuilders in China, the company has recently signed a large newbuild contract with Dalian Haichang. The contract involves building 20 60,000 dwt bulk carriers worth over $900 million.

This is so far the largest single new-build contract in China in terms of contract value.

The new contract is Dalian Haichang?s second largest one since the company ordered four 300,000 dwt tankers in 2002. With these new bulk ships, Haichang will have an annual transportation capacity of over ten million tonnes and become one the largest bulk ship owner in China.