Yangzijiang receives maiden DF boxship order

The order, which was confirmed in an SGX stock exchange filing, was made by Hong Kong-based maritime investment group Tiger Group at a unit cost of $115 million per vessel.

The 14,000 TEU containerships are scheduled to be delivered by mid-2022 and will be the largest containerships delivered by Yangzijiang Shipbuilding to date. The shipbuilder previously specialised in smaller sized container feeder vessels, ranging between 1,668 TEU and 2,700 TEU, until Greek ship owners Costamare ordered 5 x 12,690 TEU vessels in July 2018.

Construction work on the first three newbuildings, which were due to be delivered between Q2 2020 and Q3 2020, is continuing at Yangzijiang Shipbuilding’s Yangzijiang Xinfu and New Yangzi yards.

The shipyard has prior experience of installing LNG-fuelled newbuildings: it received an order for 2+2 LNG-fuelled chemical tankers from Swedish ship owner Tarbit in December 2019.